[dekz]

But as a copyright holder do you have the right to take my legitimate, bought and paid for copy down?

I know of someone who may or may not have used a site like UU to get recent episodes of the show X. Once UU stopped sharing links, this person looked for other ways to get the recent episodes of X. She tried purchasing them from iTunes, but to no avail; She tried purchasing from Amazon Streaming but to no avail. Her only option is to wait for the DVD to come out or pirate.

There is a case where money is lost due to piracy. The answer is not to sue the pirates but to provide distribution methods.