The whole idea of format shifting is totally moot in the digital age. Should artists get compensated when I copy an mp3 from one part of my hard drive to another? What about from once hard disk to another in the same PC? What about from one hard drive to another hard drive on another PC, what about from a hard drive to an SSD? To a USB stick? To a memory card? To a CD? When you play an mp3 it gets copied from the hard disk to RAM, should I pay for this?
The whole thing is nonsense, of course artists do not deserve any more when when we move bits about from one digital storage medium to another.
The sooner artists start thinking of digital copies of their music as advertising for their talents rather than the product itself, the better.