It'd be like a bunch of rivers, the Amazon and the Mississippi and the Congo asking how the Atlantic Ocean might affect them… and the answer is, of course, that they won't be rivers anymore, just currents in the ocean.
Source, in full
His stated response to representatives of the music, publishing and broadcasting industries who had asked Douglas at a conference how he thought technological changes will affect them, apparently hoping his response would be something to the effect of, "not very much"