No its not, look at piratebay. By far the most downloaded versions are 1.5-3GB 1080p rips, or much smaller 720p ones. And on some 55" screen, they are just fine
Everything else probably 95% you see in the wild are transcoded to lower bitrate and stripped out of all the extra files in the container (sub/multiple audio stream/highbitrate audio) to smalled files - because thats what most people want:
Small Video easily playable on a regular screen.