Did they, though? I never noticed a lack of availability of torrents and NZBs for movies and TV shows.
Oh, I get it. They're using the same zero-sum definition of "drop" that they used when calculating profits. With a convenient and well-priced legal streaming option, new consumers are less likely to seek out pirate copies. (This is true.) If you count every subscription as a "lost" pirate copy then you can describe pirating as having "fallen" from this hypothetical maximum level to the current real rate of piracy. You don't have to even bother looking at the actual rate of piracy, which may have grown over the same period. That's the kind of math they use to count how much money is "lost" to piracy; assume every downloaded movie would have been paid for if piracy didn't exist. So of course the same formula would apply to describing how valuable their platform is.
Oh, I get it. They're using the same zero-sum definition of "drop" that they used when calculating profits. With a convenient and well-priced legal streaming option, new consumers are less likely to seek out pirate copies. (This is true.) If you count every subscription as a "lost" pirate copy then you can describe pirating as having "fallen" from this hypothetical maximum level to the current real rate of piracy. You don't have to even bother looking at the actual rate of piracy, which may have grown over the same period. That's the kind of math they use to count how much money is "lost" to piracy; assume every downloaded movie would have been paid for if piracy didn't exist. So of course the same formula would apply to describing how valuable their platform is.