In Australia there is nothing that comes anywhere near as close as Netflix. We have cable TV in the form of Foxtel, but the price is about $110 AUD per month to get the good movie channels and channels with popular shows on them. Then we have the up and coming Fetch TV service which offers a somewhat good alternative to cable, but nothing like Netflix or Popcorn Time does. There is no online service like Netflix in Australia.
Sure, the price point is one thing, but I think Spotify has shown that an all you can eat premium service at a decent price can help reduce piracy. When Spotify launched in Australia a little while ago, I stopped downloading music because Spotify was faster and more convenient, many of my friends did the same.
Americans have a good range of choice when it comes to legal options for movies and TV shows. People in Australia, New Zealand and other countries, not so much and this is why torrents and applications like Popcorn Time will continue to be the best alternative until content licencing for music and movies/tv is sorted.