[patzerhacker]

>Piracy fails the "what if everyone was doing it?" test.

Yup, which is why TV didn't exist before pay TV, because if everyone viewed content for free over the air then it would be massively unprofitable. Oh, wait...

[dragonwriter]

Profitable OTA TV was (and is) not free, the content creators are paid by the content deliverers out of money the content deliverers get paid to provide advertising.

With piracy, even if the deliverers are getting paid by advertising (which is certainly true in some cases), the content creators aren't getting paid (because if they were, it be legal delivery, not piracy.)