From considering the demand-side point-of-view only, I would tend to agree. It gives content distributors a false sense of control at the expense of complicating the average customers' lives. ("Penny-wise, pound-foolish" like a neighborhood coffee shop that requires a key to use the restroom and doesn't put out napkins whereas the Starbucks next door making far more money does neither.)

From the supply-side point-of-view (film maker, movie theater, on-demand service), it depends. Artists can choose to release for free like The Beastie Boys are other doing, knowing enough people will still buy the retail package to keep them afloat. But to see your blood, sweat and tears shared without people paying a dime, might be tough. It's further complicated because you don't want to tick off freeloaders that can be converted to customers or whom happen to be major customers in same-brand products/services.

Both taken together, it's becomes a self-selecting, personal choice to vote with one's wallet.