That implies the studios don't own the copyright which means they shouldn't be suing for piracy.

The movie industry has Long spent its years fighting piracy instead of providing a solution to a problem. Now there are solutions to the problem and the industry is refusing to adapt and continues to hold the content for themselves instead of licensing it to the likes of Netflix.

We know the studios have the right to license content because that's exactly what they do when they sell licenses over seas to broadcasters in other countries to air content.

This isn't about copyright. It's about the studios lack of ability to license content.

This is why in 2017 piracy is still a major issue.