You're safe as long as you are not caught. Then pay hefty prices!

RIAA and MPAA have been constantly dealing with illegal downloads of copyrighted music/movies (Torrents and so forth) which is a federal felony and is subject to wiretap by the FBI and actions thenafter if found guilty.

And now the administration is looking forward to making illegal streaming of content(music/movies) subject to violating the copyright law and deeming it a federal felony.

Just a piece of advice, better be safe than sorry if you're in the US.