Europol Predicts Drop in Online Piracy

I think this report is grounded in hope and optimism. It feels like copium because I don't see a reduction in the bypassing of the market in streaming services, mainly because they are all jacking up prices, and trying to build moats around content.

Economists like to think about substitutability and price elasticity. Well, if you WANT cooking shows starring Princess Meghan, you actually don't HAVE substitutability. Sure, you can get Selena Gomez cooking, or somebody else, but you've made a major mis-assessment of what drives people to watch TV, if you think these are axiomatically sustitutable and go to price elasticity. If you want to watch Meghan fail, you either pay the tax or you go Arrrrrr.