I could try to justify it by saying that I already pay for it, that I want it without DRM, that they should provide it in an alternative format, etc... Those aren't very good justifications, if they don't provide it in a format that I want then I should go without. It is their property and their right to determine how they sell it. They are free to make unprofitable business decisions. I have neither the individual power nor control of the collective to ensure that my wants are met by the content producers. I'd guess that 80% of the content I download never gets watched. I think I do it just because they tell me I'm not allowed to.
The "go without" argument will never work. The problem is that it is only unprofitable for the business if the majority of people care about the content. In the real world, most people don't care about the format their content comes in; they don't care if their software is open source; they don't care if there is DRM. They care about exactly one thing: Does the movie I just bought play? If they cannot get the content for free (or it is inconvenient), then they'll just pay whoever will play it.
In other words, the reality is we geeks do not have enough market share to influence the bottom line.
But the real problem here isn't one of profit. Piracy is an excuse to power grab -- and I know that because they've been making the same claims since well before the internet came along, for the same reasons. As long as the content providers have enough power to push for anti-piracy laws (which ultimately give them more power, and do nothing to actually stop piracy), they will do exactly that, whether it is common or not.