My favorite part about this is that a lot of the rights holders are losing their shirts on their alternative streaming services, because it turns out making content is different than running a profitable streaming service. Peacock and Disney+ are losing huge money, Amazon is introducing commercials or an upcharge to their service because they've been spending on their own content with abandon (I can't imagine why WoT costs per episode what I read it costs), and I don't know how appletv+ is doing in 2023 but in 2022 and 2021 they were also losing huge sums of money. Is netflix the only major streaming service that makes money at this point?

Everyone decided "I can cut out the middleman and keep the money in my pocket" and they all lost hugely on that strategy.