It is illegal to show the film over the internet however it isn't piracy, it's copyright law. It's part of the FBI warning you get in any movie you buy.
Piracy would be "oh hey guys i got (x) from (y).com using (z) torrenting program now watch it with me on this (q) program i pirated from (y).com using (z)."
I'm not sure if that's bannable or anything, it's up to Badspot.