Yes It did. Sadly it was our Generation who took streaming to the next level with "Napster". Kids today aren't really doing anything new. We were streaming in the late 90's basically with Napster. That was the first form even though it was more file sharing. It's evolved to what it is now. But it's more "The Internet" killed the music industry. Napster was the tool to get it rolling. Like is said, Hollywood and Television is also getting hit as well. I still brought albums when Napster was out. But Album sales started to decline. Then record stores started closing. Then Best Buy CD section shrunk. It's just been crazy to see the last 25 years and how music has been so devalued.
I remember when RZA or someone said, "You will be spent 200 dollars for Beats Headphones to listen to music but can't drop 12 for a CD". It was true. The Music Industry is partially to blame. CD Prices were way too expensive even back then. Also the artist were getting jerked too. The TLC breakdown has stayed with me for decades how they were broke after going Diamond. But like Ed Lover said, when you stand in line and purchase a CD. You connect with it more. When it's your hard earned money, you appreciate it more. I remember when "Supreme Clientele" came out Feb 2000. Me and My Boy went at 12 Midnight and stood line to get it.
We bumped that joint till the crack of dawn. It was a different experience. With all that said, Music, Movies and Television survived the Internet for Decades. Now it's slowly breaking down all those industries one by one. The consumer can literally Listen to Music, Watch a Movie or TV Show or Sporting Event or News Program, take a picture, make a video or recording all from a small device in their pocket. The Smartphone could be argued as the greatest technological achievement for putting a mini-computer in your pocket. I'd say Napster, Youtube then the Smartphone were the biggest technological advancements that shifted entire business models. Jay-Z was actually smart with his Samsung and Sprint album deals. More people listen to music on their phones than any other device now. Even more than their home stereos. I'd never thought I'd be in world where the Stereo wasn't #1.