what he's talking about is what happened with Netflix: once the media companies realized how much money Netflix was making they revoked their content (or upped

what he's talking about is what happened with Netflix: once the media companies realized how much money Netflix was making they revoked their content (or upped the price) and created their own services. I agree with OP, streaming is a terrible business and only sustainable if you create your own content. Which is exactly what every streaming service does nowadays