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IDK about movies/TV shows being in decline here, it seems to be in better shape now than when I first left the sea 15 years ago. New stuff, especially movies, hits the trackers way faster than they did “back then” and are easily available from public trackers. I can still find all the older things I want, granted some it only on the private trackers I’m using, but it’s being kept alive. Old or niche media has always been the hardest to find with torrents, but it really feels easier now than it did when I first started out 25 years ago.
As for books, I rent most of them from my local library as e-books, strip the DRM so I can read on me reader, and immediately return so someone else can rent them. I haven’t really needed to pirate a book in years by doing it this way.
Removing DRM from a legally obtained copy is not illegal in itself.
It is technically not illegal to remove the DRM, if the purpose is just to read it and the DRM is not compatible with my reading device. I just still have to honour the lending agreement I made with my local library.