For most things to appear on BT or elsewhere, someone has to buy them first, too. Your argument, therefore, is invalid.
As for the rest, your whole point hinges on "it's approved content distribution". I say that is bullshit. You can and should not be able to control distribution of digital content. It's one of the greatest blessings of humanity to be able to access, hand on and build upon its shared heritage. We should embrace it as the monumental achievement it is - but here we are, having to justify it.
This entire "problem" amounts to an industry that is - excuse the language - butthurt about having lost their business model to technological progress, and feels entitled to being granted an exception by cementing said business model into law. This needs to stop before any more permanent damage is done.
>each has a payment structure in place that allows the content creator to receive compensation. Straight up piracy lacks that compensation.
Allow me to laugh, because the last people who benefit by this system are content creators. If you seriously believe copyright is, was or will be for creators, you're in for a bad surprise if you ever take a look at the history of what probably was the most harmful idea mankind ever allowed to happen.
And many of the compensation methods are merely forced monopolies, which don't have any validity beyond "the law says so". The law is wrong. It therefore needs to be changed. As long as that hasn't been done: ignore it. Subvert it. Attack it. In other words: pirate. And try to support the creators, while you're at it. And I mean the creators, not the copyright industry.