I don’t think that piracy will get to a point that it will eat into their profits. Most people want whatever is easiest, and doing the basics of torrenting in a way that doesn’t cause drama with the internet provider and then either using some kind of Jellyfin or continuous streaming setup is far beyond “easy” for the general populace. In order for piracy to get to the public, it would need to be just as simple as streaming through a TV.

Folks predicted that Netflix would see a mass exodus when they cracked down on account sharing and they actually increased accounts instead.

Piracy will definitely continue its upswing, but it is more likely that the majority of people will just watch whatever is available on maybe one or two streaming options or just slowly return to just broadcast TV or even cable. Piracy didn’t kill television when the VCR was invented, and it didn’t kill music when the first iterations of Napster and such first became known. Piracy will always be present, but it has a lot of hurdles before it really makes a dent in corporate bottom lines.