A consumer-pays-in-advance subscription model would provide better price signals to the real creators, wouldn't it?
Supplying a Wikipedia link today seems silly, but you could Google "Hollywood Accounting".
(oh what the hey: http://en.wikipedia.org/wiki/Hollywood_accounting)
Anyway, these companies (on the music side in particular) love to talk about the "poor starving artists", but fail to change their own habits to give those artists a better deal.
They aren't content creators. They're content funders and distributors, but the content would still be created in some form without them. In this sense, the pirate community does actually perform one of the actions (distribution), and seems to perform it much more efficiently than the big companies. They just haven't got the 'funding' part figured out yet, but when they do, that will truly signal the death of the majors.
(P.S. No, it won't - nothing will truly kill them, but it will at least give them genuine competition)