Some people will get hurt, but the giant will be dead.
Actually, it's worse than that. If this bill passes, the recording industry may die (doubt it), but that law lives on and can be levied by other industries in ways I don't think legislators have thought through. It happened with the DMCA. Essentially, SOPA gives any company the power to "disappear" another without due process if they alleged the second party was infringing on copyright or trademark. Chanel used the DMCA (if I remember things correctly) to close down competing sites, mostly all knockoffs, but some not, without any judicial oversight. Chanel itself determined infringement.
Think about in terms to us. What if some company claimed your game infringed upon theirs based upon their own internal determinations, no judge involved, and got you to disappear off the net? You have no recourse. You have no business. Competition? Stifled. And, it's not a "pirated" mp3 we're talking about, the recording industry notwithstanding. The thing is, there is already a judicial system in place to govern over infringement; this law is a complete f**k-around it. Makes my blood boil that people are willing to throw multiple businesses away to protect one incompetent one.
Luckily, while there have been some recent changes to SOPA that makes it likelier to pass, but it isn't a slam dunk for Texas' bought-for representative.