I understand torrenting offers one easy and convenient search, no ads, can download in advance of a journey, no country lock, no expiring downloads, no series disappearing off Netflix half way through watching.
I think the biggest change is that people at the bottom have moved on to iptv or paying for shared Plex accounts instead of doing the downloading themselves. The chain is still dependent on torrenting though.
edit: looking at Nintendo's complaint against Yuzu, it doesn't mention bittorrent or explain how they arrived at that number.
Given the price and quality of paid services torrenting is coming back fast
The execs don't understand, if a kid cannot torrent a movie the kid cannot afford to buy it. Either way they don't make money.
Solution is very easy and Steam, early Netflix proved it.
Make your service affordable and convenient and you will win people with money.
Make your service expensive and inconvenient and people with money will be pushed to piracy cuz its less hustle and cost only time.