Comment: Well cant blame them for the truth (Score 4, Insightful) 145
Now, question is - how much copyright infringers will you be able to convert? I bet it's enough to cover costs.
But look, I just used the magic word at the root of it all - costs!
It costs more to serve the major segment of copyright infringes and will erode other monetization channels. What they want is to shift the costs of defending their "right to profit" to general public. Because it's cheaper to buy off a politician, than creating and maintaining something like Netflix. Remember - a movie contains a crapload of copyrightable material that requires a separate license/agreement to reproduce a derivative over the new medium - the internet. That is why they have geographical limitations - these copyrighted materials might have been bought only for creating derivative works and distribution of the derivative works in US, because it's cheaper to buy nationwide license vs worldwide.