this post was submitted on 29 Oct 2023
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I think OP is referring to the original streaming status quo, where Netflix was the only game in town, it cost under 15 bucks a month, and everybody licensed their back catalog to them rather than developing their own competing platforms.
It was illegal for companies to fully vertically integrate by owning production and distribution back then. A corrupt judge struck it down several years ago which put us into this mess. That's why theaters hadn't been owned by studios for a long time.
Also why Hulu had all that content: no one owner could run their own service explicitly.
Ahhh, the good old days