> If the streaming wars do too much damage to consumers, they'll just flip the playing board and go back to piracy.

I think that's already happening among the tech literate. The difference now is that the majority of consumers are not technically inclined and don't mind paying for several streaming services to get easy access to their favorite content, so the industry generally doesn't care about losing a small fraction to piracy.

Pirating content is now more technically difficult than paying for a service, but the benefits are still there: DRM-free content that can be consumed on any device, accessed offline, safe against removal, licensing issues, region locks, easily shareable, etc.

Paying for a streaming service now has the same issues as paying for cable did: you get access to tons of low quality content you don't care about just to watch the few shows and movies you actually do. Content curation is still an unsolved problem and the industry is ripe for disruption once someone figures out what I actually want to watch and how I can pay for only that.

Or pirating will become easier and they'll continue to lose revenue.