I don't think he's wrong at all. Streaming services are not only selling but producing enormous amounts of content which if anything has gotten more expensive.

I don't think he's wrong at all. Streaming services are not only selling but producing enormous amounts of content which if anything has gotten more expensive. I think most people are old enough to remember what it cost to buy a DVD box set of one season of a show, or even just rent a physical copy of a movie over a weekend. Goes for other media as well. Spotify giving you access to a substantial amount of the world's music for about ten bucks is kind of wild, or Game Pass. All these services are easily operating under their actual market value. Something has to give in that equation, either its artists, studio profits in the name of user acquisition, but it never seemed sustainable or very reasonable to me. It was always obvious that at some point they'd switch from subsidizing their platforms to raising prices. It's arguably healthier.