I don't agree. If I get a magazine which is mostly not financed by my payment but the ads, and rip out all ads and throw them away, or throw the ad supplements away and not read them, is it theft?
If it is theft blocking (aka not reading) ads online, is it theft if I just don't read them? And I don't want to argue, just interested, where is the difference in not reading them and blocking them? Is it morally imperative to read all ads in a magazine?
So I came to the conclusion, because I throw away ad supplement of magazines right away and don't read ads in magazines, me ad blocking can't be theft either, or not reading ads in magazines is theft too.
PS: Because you bringing up bit torrent implying people who ad block are also downloading films, well, I'm not.