Remember that the original huge library was comprised of CDs they bought. Streaming was always smaller. Streaming also got more expensive because studios cut

Remember that the original huge library was comprised of CDs they bought. Streaming was always smaller. Streaming also got more expensive because studios cut much more aggressive content deals. They were forced to create content to stay alive. (This is true across tech - what's flowing through the pipes generally extracts more value than the pipes themselves. The telecom providers went bankrupt while the world thrived on the broadband they provided)