How bad is piracy hurting the entertainment industrie's economy? Are they going bankrupt or have a good outlook?
Economic evidence on the effects of piracy is mixed. Most of the evidence focuses on the music industry, where piracy has been especially prevalent and where data is often more readily available.

Some papers find evidence that piracy has little or no effect of industry profits (here is one prominent example).

Other studies (example) find that piracy displaces sales and reduces profits. The estimates there imply that each song pirated costs the industry about 30 US cents.

Most surveys of the literature seem to conclude that the overall effect is negative.

Some messages that emerge from the literature:


piracy especially harms large, well-established content creators, but may benefit small/independent creators who otherwise find it harder to reach an audience;
for music: the industry has somewhat pivoted away from recorded music sales in favour or live performances as a source of revenue;
the revenue cost of piracy is offset by the benefit consumers get from consuming free music. Putting aside the competing interests of firms and creators, the main social problem associated with piracy is its potential to reduce the number of creative works produced in the first place (by reducing the rewards to creating new works).
evidence on the incentives to create new works is also mixed (see, e.g., here);
thanks to political lobbying, creators probably enjoy 'too much' copyright protection (see here and here). Piracy may be helping to offset this somewhat;
there are other things going on in the industry that may may more important than piracy. In particular, (i) search technologies give rise to 'long-tail' effects where a small number of works (e.g. Harry Potter) become incredibly successful but the majority not (a reference is here), and (ii) platforms such as Spotify, iTunes and Netflix are emerging as very powerful actors who are able to appropriate much of the industry revenue.


In summary, piracy probably does seem to be hurting the entertainment industry to some extent, but not critically so.