Cohen knows the havoc he has wrought. In November, he spoke at a Los Angeles awards show and conference organized by Billboard, the weekly paper of the music business. After hobnobbing with “content people” from the record and movie industries, he realized that “the content people have no clue. I mean, no clue. The cost of bandwidth is going down to nothing. And the size of hard drives is getting so big, and they’re so cheap, that pretty soon you’ll have every song you own on one hard drive. The content distribution industry is going to evaporate.” Cohen said as much at the conference’s panel discussion on file-sharing. The audience sat in a stunned silence, their mouths agape at Cohen’s audacity.