I suppose that you are correct, technically speaking, it is not legal. I would however like to point out that the video's I am using
have not been released in the USA yet. The people who are subtitling and releasing them are not selling them or doing it for pay, but as fans of the genre itself. There is no money being charged for the subtitled video's. When the Video's are released in the USA the fan subtitled ones are taken off of the websites where they had previously been posted, made available. No one is making any money doing this. No one is being hurt. I realize that there are exceptions to this but I do not use those sites. This being said I do not see any moral problem.