This idea doesn’t mean those people are correct.

Netflix was great when it was the only streaming service because all the legacy media companies licensed shows for cheap. They basically considered it bonus income like syndicated television.

Most of Netflix’s content at that time was very popular but was basically just reruns. The Office, etc. It was a time when you’d be hard pressed to find any movie resembling a blockbuster, just bargain DVD bin type of stuff.

If all the streaming services consolidate there will be less reason than ever to put effort into content. As long as most people stay subscribed the less they spend on content the better.

With an à la carte landscape that we have now, streaming services all have to fight it out in open competition to keep their service on your monthly bill.

It might be less convenient but it is better for content than having a market with just one, two, or three players.