My Answer - Wound it yes, kill it no.
There is no two ways about it, copyright theft is a crime just like shop lifting. It’s no good trying to justify it by saying they can afford it or it’s just a drop in the ocean. Theft is theft. If we engage in any kind of copyright theft we have to admit to ourselves that we are criminals. Small time maybe but still guilty of a crime. The only difference is we haven’t been caught …YET. It happens because it is all too easy, like taking biros from work. But that doesn’t make it right.
Will it bring down the industry? No, I can’t see that. Losses from pirating may seem significant on paper taken in isolation but when they are measured against overall profits it’s not generally a problem provided the industry in healthy. If the industry is already ailing then pirating can certainly add to the coffin nails. Let’s face it, most people are going to want to watch the genuine article on their wide screen TV, not some hacked off copy on a tiny portion of their PC screen.
Once again I know this won't be a popular answer but I have to tell it as I see it and not simply try pandering for votes.