Not so. The people who actually produce media (actors, writers, production crew) rarely if ever see fair compensation or residuals for their work. The only people you're stealing from are the people who already stole the value that the actual creators generated, i.e. the studio. And in my opinion, you can't rob a thief anyway.

This logic doesn't hold with smaller and/or independent projects, which even the saltiest pirates acknowledge should be payed for in the usual manner.

Edit: Your point about compensation doesn't even have a completely factual basis. Numerous scientific and medical advancements throughout history have been produced without compensation, often because their creators intentionally declined to profit from them. Sir Banting is a favored example around here; he was one of the first to synthesize insulin, and he and his colleagues opted not to patent it so that it would be as widely available as possible.

If it wasn't, no one would ever develop any kind of software or scientific research or write a book or produce any kind of intangible work whatsoever.

Open source software developers, fan translators, emulation developers, etc.: lol.