It’s market inefficiency for sure. Besides price, there’s also just a failure to provide a service that people want. This is what happened to games and prime ti

It’s market inefficiency for sure. Besides price, there’s also just a failure to provide a service that people want. This is what happened to games and prime time television. Gamers wanted to be able to download games instead of dealing with physical DRM-riddled fragile media. People wanted to watch TV without ads. Barriers to entry in distribution are very high, and there are lots of exclusivity rights, so it was a virtual monopoly. But monopolies arent stable and the market will still find a way around them, legal or not.