I have no money to spare for seeing movies. Period.
So when I download a torrent and watch it (and there's a disgustingly small number that I watch more than 15-20 minutes of), there is absolutely NO loss to the studio. Because if I *had* to pay for it, I just wouldn't see it at all.
I *hate* theatres on top of being broke -- they're full of ignorant perfume and aftershave wearing buttheads playing with their cell phones and talking about what they're going to do after the movie. I don't own a TV, so I'd have to play a DVD on my Linux box. If I'm still going to see it on a small computer screen, why *wouldn't* I settle for a low-res torrent instead of a DVD?
The studios like to portray every case of piracy as "lost revenue." It's not. I firmly believe that in most cases where people download a torrent, either they couldn't *afford* to go to the theatre, or they're previewing the flick to decide if it's worth spending money at the theatre. And if it's not worth the money, they'd have been demanding refunds, so there *still* isn't a loss of revenue.
Seriously -- it costs my buddy over $100 to take the family out for a movie. You think he's going to *gamble* that the movie is worth watching with all the crap that Hollywood pukes onto the big screen nowadays?