Just gonna re-post my own comment from another thread in this community, relating to a similar article, because it’s just as applicable here:

This is honestly hilarious to me. The streaming companies actually had it right to begin with. They delivered on-demand content at a much lower cost than DVD distribution, without having to negotiate with cable companies to deliver it. They had a working system that delivered value for money, and kept the profits in their own pockets.

Then they shit the bed. Classic case of killing the goose that laid the golden eggs. Greedy dickheads.