It's a now problem that's been "now" for nigh on 25-30 years.
Well, I can't say that I was doing as much streaming tv shows, movies, etc, in 1989. The way that I consume entertainment has had a very direct effect on my consumption habits. However, that's really changed as the technology has and has likely even had a bigger impact than lifestyle changes as I got older.
And while internet piracy may have gone mainstream with services like Napster and Limewire, even that was relatively limited compared to everything we have now (doubly so since connection speeds, file sizes, etc, posed issues whereas you can just stream stuff).
It wasn't until the last 5 years or so that I started to feel paralyzed by the number of choices to the extent that I frequently wound up doing nothing. Plus, in general, content has been increasing exponentially with time and, thanks to things like Wikipedia, it's a lot easier to stumble on things you didn't know existed. There may be hundreds of years of content already in existence, but even during the 1990s awareness of titles was far more limited since your primary sources would have been things like magazines and newspapers which more covered upcoming films and books.
It wasn't that hard to pirate even back then since making copies of a VHS was technically piracy. Also piracy is less convenient than say something like Steam existing where you can just have fast access to games and cloud saves. ---