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Game of Thrones was nearly "destroyed" by pirates illegally streaming HBO content
(www.forevergeek.com)
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This is the case still with Spotify, apple music, deezer, etc... Multiple services with few if any exclusives means almost all music piracy has stopped. Somehow, the record companies continue to survive.
I think we're going to start to see music services going that way soon, for the first time I've started to see that songs in my primary play list are now not available in my region.
I admit I dont know what songs yet, am on a road trip at the moment, but it makes me worry that it's going to get worse.