No. It really isn't. If that were the case, the streaming services wouldn't actually be making a lot more money. Netflix market cap has gone up by $120,000,000,000 over the last 5 years, for instance.
Stop making up false excuses for simple greed. Streaming services are just after as much money as they can get from you.
Physical pain? Zero.
Now emotional pain? I'm not sure it would even be able to accomplish emotional pain. So much of our emotions are intertwined with chemical balances and releases. If a brain achieved consciousness, but had none of these chemicals at all......I don't know that'd even work.