No, illegal file sharing sites like Kazza, Gorkster, and Limewire did. Streaming services actually saved the record companies. Because no one was making anything at all from Napster (until they went legit) but atleast with streaming you can eat well, if you own most of your masters and publishing of course.
Are there any decent P2P sites still around for that older vintage music?? Torrents dont cut it for older Soul, hiphop and reggae.