That line of argument assumes that all of this money would have actually gone to streaming sites.

That's a lie they tell. People buy services from/use pirate site because either they could not afford it in the legal way, or contents weren’t available to them at all.

i guess the 10 billion is based off of how long the service had been running, and how many users they had

and some avg streaming service monthly cost

and then you get 10 billion

but that doesnt mean all the users would have spend money on netflix instead... loads of people who pirate arent potential customers to begin with.

and does it take into account the price difference from different countries? i doubt it

Yes, that is definitely a limited understanding.

The $10.5B number is bullshit. It assumes every piracy stream user would've been a paying customer (which is false), and they would have paid the full, non-sale value (also false).

For subscriptions, they usually add up the cost over at least 12 months. Sometimes longer.

maybe now they'll spend money thinking about what to produce, instead of producing tons of slop, most of which is not viewed by anybody.