> If we imagine a world in which streaming platforms were only ever licensees and not producers, it’s easy to imagine the status quo could have continued indefi

> If we imagine a world in which streaming platforms were only ever licensees and not producers, it’s easy to imagine the status quo could have continued indefinitely. That'd have been great, but they studios decided they wouldn't license their content to them. Instead they went off to make their own streaming services, with their content exclusive to it. They effectively forced Netflix to start making content, or face an empty catalog. There is a reason some governments previously blocked studios from owning theaters. It leads to goofy behavior.