The early, cheap phase of streaming was funded on the back of overpriced, bundle cable subscriptions. I think it's underappreciated how much streaming gutted this business model. Not that it was justified per se, but streaming went from a nice bonus on top to an "oh shit, we killed the golden goose" for the content industry.

Therefore, I think what we're seeing is inevitable. Higher prices, more silos, and a possible return to bundling or similar. And probably with less content to go around. That will push some into piracy, but we all know that never made up a substantial fraction of users in the first place.