If there is no law against something its not illegal and only becomes illegal if a law against it is made.
Its the reason no one has been prosecuted.
The thing is, there is a law against it. You are not permitted to redistribute copyrighted works without written permission of the copyright holder.
There is an exemption for Music, there is no exemption for TV shows or Movies.
You missed a part - you need written consent if it involves public viewing, multiple copies/mass distribution, or any monetary gain. If it is only for personal use, you're fine. As for sharing it, you must have never lent anything to anybody in your life, because there's nothing wrong with that in my eyes. -- Join the RC5 team.