streaming enables "billions of dollars" worth of streaming piracy.

Oxygen and water also enables piracy ... appropriately priced product in the first instance, any piracy that then occurred would be financially unimportant. Charging big bucks for crud isn't going to win out - people who can't afford the top or too high tier pricing will eventually just choose to view it via a cheaper option. Using harder to break DRM - it will be broken or circumvented even if albeit the resulting pirated content is at a much lower quality - people will accept that's as good as it needs to, and that's how it'll be shared.

Yet another misapplication of the word "theft" along with the typical erroneous assertion that each pirated copy is a lost sale.

It's like when the police inflate the value of seized narcotics to stroke their egos. It makes the "problem" seem worse than it is.