Or it says "I have a limited gaming budget, and I spend money on the games I think is the best ones, while the mediocre I just download while waiting for/waiting to afford something better". It's like my music - I can't nearly afford everything I download, so I pay for whatever that's still interesting after 10+ playtroughs.
Not that I think it's a moral high ground or anything - I just don't think that it's theft. It's like breaking into the cinema at night to watch movies, just that you don't use any of the cinema's electricity and don't break into anything. They don't loose money, they just doesn't make any either.
TL;DR: Downloading a movie isn't comparable to stealing a car, you dipshit commercial fuck.