It's not really an edge case, is it?
Does a netflix subscription give you rights to torrent movies that exist on Netflix?
If so, what happens when they no longer exist.
Does the parent commenter check Netflix first before downloading a torrent?
I'm not passing judgement, but merely pointing out that a netflix subscription doesn't grant you the license to download and store content, in fact, it's likely expressly forbidden in the TOS.
ETA:
Not to sound self righteous, I torrented a copy of TES4: Oblivion for the PC day-1, after buying it from Amazon. It was being shipped, but I wanted to play it immediately.