That was never sustainable. Netflix got that content for cheap because streaming was the last stop on the value chain. All cost of production was paid by the tv network that commissioned the content. And if you couldn’t sell it for re-runs, streaming was a way to get something out of a dead asset. It was free money.

Now streaming is putting the TV networks out of business. Nobody is going to make content to dump on streaming for nearly free.

People also forget that in the glory days, Netflix’s steaming movie selection was always bad. Like discount bin at Walmart bad.