I have a full cable package from Frontier. We get most of the premium channels including HBO, Showtime and Starz. My wife purchases way more DVDs and Blu-ray discs than I want her to. We also go to the theater from time to time to watch movies.
I am not willing to pay for the same content over, and over and over again. I am especially unwilling to continue to pay for content due to wear and tear. For example, my wife has watched Friends and Sex in the City so many times that some of the discs skip or are even completely unwatchable. I have zero qualms with pulling down a torrent of those shows and storing them on the NAS so that she can watch them.
Another example is with HBO content. I am on the west coast. I watched Game of Thrones and Westworld on east coast time plus about 30 minutes. It was more convenient for me torrent a 1080p rip, than to wait until HBO decided it was time for my part of the country to be "allowed" to watch it.
Am I 'stealing' from HBO? Am I 'stealing' from the DVD / blu-ray producer?
I worked in Hollywood for a while. I understand that all of the below the line people have to eat and deserve to make a living wage. I do not endorse out and out, wholesale piracy. Just because "the studios" are turning a profit does not mean that everyone involved in getting content onto the screen is rolling in dough. Most of them are just regular Joe and Jane Doe's, putting in their hours and trying to put food on the table.
On the other hand, I am okay with preserving content that I paid for. Just because I have the technical capability of doing so should not make it wrong. In my eyes, it is no more wrong than a mechanic fixing their own vehicle. Are they 'stealing' from the dealership service departments? They have to buy their tools and parts. I have to buy my computers and storage medium.