The only thing that would be legal is the copying for personal use (hence: no reselling)
Reselling or not, if I can download it for free watching at home, I am unlikely to pay to watch anywhere else.
Besides, what argument is there to make it freely available to individuals, that would not also apply verbatim to owners of venues like bars, for example?
people want to see a movie in a cinema
Some people still do, but there many fewer of them.
own a blu ray disk, instead of downloading it to a harddisk
Sorting through plastic disks is a nuisance — hard-drives are much more convenient. Indeed, the survival of disc-based media is very much in doubt.
Movies are already increasingly sponsored by product-placement — as people continue to steal content in larger numbers, the practice is going to increase.
Now, maybe, most of the entertainment is overpriced crap, but to consume it anyway — without paying the creators whatever they want — is hypocrisy.