I live in Bolivia and have a semi-decent internet connection. If such a website existed where I could pay 5 to 10$ per month and I could stream unlimited videos in decent quality (think 360 to 480p from YouTube) I would pay it hands down.
It's a matter of conveneance and good service, both of which piracy doesn't offer.
Why do I pirate media? It's just too expensive for me and the general people in 3rd world countries.
For example, have you tried with this site?: http://www.argenteam.net/search
There you have both the torrents/emule links and really high quality subtitles if you need them.
The local latin american pirate equivalent is Cuevana:
which has had its share of run-ins with justice.
No torrent site has the convenience of Netflix, and Netflix itself is still a bit behind cable tv in convenience - I want some kind of "channel" experience for Netflix, I think there are some devices in the U.S. that offer it, but none here in Uruguay.