No, business just changes with the technology. It's like saying the automobile destroyed America because it put blacksmiths and horse traders out of work. The business just shifted, adding jobs like car repair, road construction, etc.
And it's the same today. Sure, maybe if you were a record store clerk, you're out of a job now. Instead, better get into the IT field.
I remember a couple of years ago there were two stores next to one another that I frequently visited. A Tower Records/Video and a Good Guys stereo/TV store. They both went tits up and were replaced by a Staples. But when you realize that most people watch their movies and listen to their music on their computers, it sort of makes sense.
These things just happen with technology. It's always been like this, and will continue to be. Change with the changing times or be left behind.
CINEMA PAFF - Your BB-Movie Showcase *
* - The extra B is for BYOBB