Honestly, if anything, using iTunes actually HELPS the artists more than buying a CD does. On average an artist gets mere pennies per 16 dollar cd, but the percentage of royalties received from digital sales is larger, thus making them more money.
I also wouldn't buy any quotes you here from the RIAA or MPAA concerning Piracy and money losses, after all, these same people said that the Cassette would kill the music industry. Letting record labels go under would only Help the music industry, as it would put far more control in the hands of the artists. I need to cut myself off now, because I can go on for hours about this XD
I Love Netflix, though. I find that when I want to watch hokey/campy B movies, or really anything at all, its just easier to find on Netflix, and cheaper overall if you watch a lot of movies.
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