Do individuals downloading some television or movies here and there for their own personal use really cost these media companies a lot of money, or is it more l

Do individuals downloading some television or movies here and there for their own personal use really cost these media companies a lot of money, or is it more like a rounding error? There was a post yesterday that mentioned setting up a Plex Media Server and something like Sonarr to download television shows and the consensus was that this setup is way too complicated for most people. Given that, how big an issue is piracy, really? There was an article on Vice recently[0] that indicated BitTorrent traffic was on the rise (too many streaming services, too much exclusive content). But my knee-jerk reaction is that if it was really costing these media companies significant dollars they'd be investing in one streaming service rather than splitting off into more and more. [0]: https://www.vice.com/en_us/article/d3q45v/bittorrent-usage-increases-netflix-streaming-sites https://www.vice.com/en_us/article/d3q45v/bittorrent-usage-i...