Bingo. Netflix doesn't own the majority of the content it streams and wouldn't be able to have the catalog they have (which could be better) without providing g

Bingo. Netflix doesn't own the majority of the content it streams and wouldn't be able to have the catalog they have (which could be better) without providing guarantees to the rights holders of said media. This is also why streaming video catalogs in Netflix and other providers can be anemic at times—even assuming nothing is exclusively licensed elsewhere, it's cost-prohibitive for Netflix to license all the media out there. Instead, they license popular stuff and use the rest of their licensing budget to rotate in/out a selection of less popular content.