Once again, I'm still not seeing how this actually affects you. I'm not seeing how this stops you from creating something new. I don't, and no one else should care about what other companies do with their creations.

You talk about "giving up power", but be honest: what power should you have over someone else's creation? Why should you get to use their creation, or why should you get to tell them how to use it?

"Just picture the music that rises to the top without music promoters."

It would be exactly the same, because music promoters would still exist. The existence or non existence of copyright is not going to change what's popular. And the existence of copyright does absolutely nothing to stop you from trying to make something new.