In the end I think warez did more bad than good for me, everytime I modded my system I actually stopped playing games lol. I had fun when I bought PSX games, I couldn't get every single one of them. Then I got persuaded into modding, played a few and cast it aside and started to buy and enjoy games again.
With emulation it was sort of the same, the odd unreleased game was fun, but I would get 300 SNES games and play about 6. I don't see the point besides some novelty like games released only in arcades or unreleased games. During the 360 gen everyone around me stopped modding their system, they wanted to play online without risk of being banned.
With movies its sort of the same. I never used torrents anymore since I have HBO, Showtime, Disney+ et al. Its just a hassle. I think if its readily available, lots of consumers will settle.