Interestingly, this also means that a large chunk of the population believes that they're doing nothing wrong.
No, I'd say this means that a large chunk of the population believe that the value of the product (content) offered plus the probable cost to acquire the content is less than the sale price. People who watch pirated content are aware that what they are doing is not 100% clean. Most will shrug when asked if what they are doing is legal.
Unless the sale price drops or the probable cost to acquire the content rises, the value of the product (content) must increase to decrease pirating.
So, if you don't want to decrease the price point, and you can't think of an economical way to increase the probable cost to acquire the content, then you have to increase the value of the product. How can you increase its value? Well, for one, make it as easy as possible to get a copy of the content legally, and make that product as easy to use (for all values of use) as the pirated version.
However, content owners will simply view the equation as a need to come up with a cheap way to make the probable cost of acquiring the content alternately more expensive. Through higher rates of fining, or higher fines, or making piracy more difficult to achieve.
Changing the usability of the content or decreasing the price point are things the studios simply won't consider.
The ONLY solution to hot mic technology, is to nip it in the butt before it takes hold.
The phrase is "nip it in the bud" - to cut it off before it flowers. Nip it in the butt, means something rather different. No bad, just different.
You do not have mail.