I don't know anyone who has pirated music since Spotify and the similar companies came about. Which means the companies are surely making more than before, at least in ad revenue.
Let them pull their catalog and watch piracy go up even more. The days where media companies get to pretend there is a finite supply of their product is over. The market knows that it costs basically nothing to distribute now. They're attempting to charge more than when there was a need for a physical product which needed a theater/cinema, packaging, shipping to a store, and to take up floor space in that store. Their product does not hold the same scarcity it once did. If they can't accept that, they're going to go out of business..
If they want to compete now, they need to price accordingly. These media companies can scream death of creativity due to piracy all they want, people created and performed art long before these vampiric companies existed and they will create and perform long after they're gone.
PS: If I were them, I would buy up the distribution channels which at home people use to access my product and put a chokepoint there in order to make my product scarce again.
Oh, wait, they're doing exactly that... Comcast and TimeWarner are both owned by massive media companies.