If I could register with an organization and submit donations for movies that I pirated and watched, I would absolutely pay. I still pay my cable bill even though I pirate all of my TV and haven't turned my cable boxes on for over 2 years.
I thought this up quite a while ago, and even brought it up on slashdot once before. I was modded down because the people who did see it screamed "think of the transportation industry!"
Anyway, my vision is quite clear. The media companies put together a website in which we could simply buy a license to obtain a copy of a specific work by any digital means available in whatever formats available.
The idea is since they are selling the license only, it completely cuts out the cost of producing physical media and the costs of distribution. Therefore, the per unit costs would be drastically reduced. For example, a full length movie would be $5.00 or less. A price point I think most people have no problem spending even if the movie turns out to be garbage. It could result in more sales, is easier to track sales. I can even envision companies set up to sell these licenses coupled with high quality versions of these works.
This obviously is a dream. As no media corp would consider it because, well, they are greedy assholes and enjoy their monopolies and ability to fuck with everyday normal people like me who flat out have no need for physical media or DRM encumbered crap I can't play on my home media center.