- He complies with the DMCA. - He provides direct 'delete' access to his servers for the content companies. - The content companies that claim to be losing billions, with direct access to his servers so far have failed to file any legal complaint with his lawyers.
I'm sure as much as we want to dislike him for his previous flamboyant behaviour, he has some legitimate points and a legitimate company providing a legitimate service (and one that is similarly provided by other companies, some of which are household names).
Call me cynical, but this smells of being such a monumental set-up that it makes the farm full of cows just down the road from me seem like a breath of fresh air.