I would think the record labels would try to promote/patronise/fund some sort of new digital format, as they want to be able to charge inflated prices for music (as they always have done) and can't do that with downloads where people can pick a single track if that's all they want. How many albums do you have where, had you the choice at the time (vinyl or CD) you might not have chosen certain tracks, if you could pay less? That's the way music is going now, and I expect the record industry to do all they can to limit people's choices and get themselves back behind the seat of power.
How they're going to do it, I have no idea. I suppose it all depends on what's next? 3D music discs? DVD concerts with albums? Interactive albums? Holo-discs? Who can say? But I'd think physical music will be with us for some time yet: can't see the Cigars letting go of the reins while there's life in their overpaid bodies!
By the way, which one's Pink?