The logic is called "tax write-off": https://collider.com/final-space-pulled-from-streaming/ https://collider.com/final-space-pulled-from-streaming/ Of course

The logic is called "tax write-off": https://collider.com/final-space-pulled-from-streaming/ https://collider.com/final-space-pulled-from-streaming/ Of course in this case it's still possible the studio retains original copies in its archives but according to the article, the write-off means the show can not be re-released so those copies literally have no value to the IP owners and might be destroyed, too.