“Why stream… [services] are shrinking their content libraries”

“…Looming talks of platform bundles come as major streamers push ad-supported plans, limit password sharing and lean into live sports coverage. The goal of exponential subscriber growth, fueled by pandemic lockdowns, has shifted. Wall Street wants profits….

Last year many streaming services began shrinking their once-robust content libraries in order to pay smaller licensing fees. (Streamers must pay to license even their own film and TV shows, like when NBC forked over $500 million to buy back the rights to “The Office,” an NBC show, in 2019.)…”

https://www.cnbc.com/2024/04/02/streaming-platforms-are-shrinking-their-content-libraries.html

See the bold? That’s why. Ads and password limits affects costumers in negative ways reducing potential revenue and companies wanting to pay smaller license fees is self explanatory given this economy.