I'd happily pay $1.98 for each and every torrent I download from Pirate Bay. Upload anything you like, the download fees are split amongst the media companies on the basis of what percentage of the downloads are "theirs". Set it up a an open exchange, everyone wins.
Just do *something*, please, to give people what they want. For some reason, media companies think that witholding content is to their benefit. Look, if someone wants to pay you for something, shouldn't you just let them have it and take their money? I pay for Netflix, but every time I search for a movie, it's not available. So, I head for Pirate Bay. I'd rather not do this, and I'd rather pay for the movie, but I just can't. I don't want to buy a DVD, I just want to watch the movie...once, and right now, without going to a bunch of subscription-only apps to find it.
Example: Sherlock, season 4: shown last month on BBC, already available on Pirate Bay. Not available on Netflix. Why the delay?