That applies for TV show. For movies though, the vast majority of new torrents are Blurays re-encoded to HEVC (x265 being the encoder used pretty much every time).
well yes, but not everyone wants to download 70GB movies, so blu-ray movies are often re-encoded for smaller filesizes (10-20GB 4K HEVC, 5-10GB 1080p H264 AC3 sound, 1-5GB 1080p HEVC AAC)