Earlier quoted context omitted.
I think you’re right, and then we’ll see a cycle of renewed piracy, followed by the grudging realization that making some money is better than making no money. It took a while to crack the music industry, but the same inevitable forces are ultimately at play here.
For most casual consumers piracy is an inefficient way of getting content, even in the hay-day of piracy I'd bet that most consumers were getting their content via normal channels. A slight uptick in piracy may occur for the technically minded, but most consumers will pay for the convenience of streaming.
You would be amazed to know how piracy became consumer grade in the past few years; I heard about streaming sites from non-technical people that were watching their favorite shows there because there was no official way to do it otherwise.
Outside top 2-3 markets, most online streaming services have a serious delay that is no longer accepted by consumers, so they turn to piracy. Why wait 1-2 years to see the last episode of Game of Thrones on official channels when you can see it next week on pirate sites?