It sounds like these people are naïve, I don't think they know much about broadcasting/media. It sounds nice and utopian for the consumer, but do the economics

It sounds like these people are naïve, I don't think they know much about broadcasting/media. It sounds nice and utopian for the consumer, but do the economics even stack up, who is paying for this, most likely the consumer or the creative. How could it even work with all the existing contracts in place, I'd assume they would need to continue, so even in this fantasy it would only be for new content, and how many years before that reaches tipping point? *edit: less harsh