I don't normally read Techdirt but I somehow came across this report from MIDEM

The Sky Is Rising: The Entertainment Industry Is Large & Growing... Not Shrinking | Techdirt

Some of the key points:
Entertainment spending as a function of income went up by 15% from 2000 to 2008
Employment in the entertainment sector grew by 20% -- with indie artists seeing 43% growth.
The overall entertainment industry grew 66% from 1998 to 2010.
The amount of content being produced in music, movies, books and video games is growing at an incredible pace.
Of course, some of this is a challenge for many existing players, but it should be seen as an opportunity. In fact, we conclude:
Just by reading it seems that we have nothing to worry about.

It turns out that music concert sales went from 1.5 billions to 4.6 billion from 1999 to 2009 according to their report. They somehow forget to mention music sales decreased about 50% in that same time period.

Torrentfreak took this and ran with it asking it's readers "What Piracy?"

Inferring that piracy is not effecting the entertainment business. To me it is really showing the opposite. How can concert sales go up 300%, album releases go up from 38,000 in 2003 to 75,000 in 2010 yet the music sales revenue go down over 50%?