No, as long as they pursue the stated objectives of copyright (and author rights), that is the promotion of culture and social progress. Majors lost an opportunity when they attacked Napster in the early 2000; they could have sided with it and gained a free money machine. Instead they missed a decade and now they depend on royalties from Spotify, Apple, etc. for their survival. Our proposal is an opportunity for collecting societies, publishers, record labels and other rightsholders too.