Aside from the usual "piracy is not theft" argument, which I won't get into, you seem to be missing the fact that in a significant number of cases piracy actual

Aside from the usual "piracy is not theft" argument, which I won't get into, you seem to be missing the fact that in a significant number of cases piracy actually drives legal sales. I have seen quite a few people who pirated a game and liked it so much that when its sequel came out they bought it on day 1 at full price, or recommended it to their friends who in turn proceeded to buy it. The movie/TV/anime merchandise market is larger than ever and I'm pretty sure even pirates like to spend a few bucks here and there if they can afford it; we already know merch is far more profitable than streaming service royalties for most musicians, so I would expect the same to be true for other parts of the media industry.