Yes, but it relies on people actively doing so. For example, look at the following torrent of the 2012 Olympics Opening Ceremony in 3D [1]. Yes, it is an illegal video copy, but a video that there are no legal ways to access anymore. This torrent has no seeders and because I don't have a copy, I therefore can't seed it.

[1]: https://thepiratebay.org/torrent/7487775/2012_Olympics_Openi...

How is this going to be a problem if the owner/publisher takes care of the seeding (i.e. they run a seeding node instead of or in addition to serving the content the traditional way)? IP laws have almost nothing to do with the way the content is delivered...