Torrenting never died for me, I'll be a pirate to the day I die (Yarr!, had to do it ). Honestly I never understood why torrenting died with the advent of streaming services (I mean seriously it's free and the chance of actually getting caught and persecuted is slim to none as no ISP will take you to court unless forced to by the rights holder). Subscribing to Netflix didn't stop my torrenting at all, hell it didn't even put a dent in it. Then again when I was living in Arizona I didn't have cable TV. My roommate and I decided there was no point in paying for TV when we could just download everything we wanted to watch or catch it on Netflix. Then again that's just us and even though I have cable again I prefer to download my stuff so I can watch it when I want without having to pay extra for a DVR so I can do the same. Meh, I guess I'm still an old school internet pirate that can't give up his past ways (then again I do end up buying 90% of the shit I download so I guess I'm a somewhat reformed pirate).
There really never will be a happy medium here as cable companies will never give up their hold on the TV market and will continue to gouge prices. Eventually streaming services will do the same as, like I said, getting the rights to stream things is getting more and more expensive as the years go by (pretty soon Hulu and Amazon will be in the same place as Netflix is now when everyone and their mother has a streaming service for their own shit).