But, Netflix did lose their content by choice! Way back in the 00s, you could pay Netflix something like $5 a month, and they would mail you physical DVDs of almost any movies you could ever want to watch. In fact, my recollection is that the physical library was generally much more extensive than the streaming library, at least through the early ‘10s.

Sure, they had the rug yanked out from under them with digital streaming, but they very deliberately put themselves into that position when they pivoted to streaming in the first place.

> In fact, my recollection is that the physical library was generally much more extensive than the streaming library, at least through the early ‘10s.

Because streaming licences are different from DVD licences for example. Hell, even 4k streaming licenses and lossless audio streaming licenses are different (and significantly more costly) than streaming 1080p and compressed audio.

> put themselves into that position when they pivoted to streaming in the first place.

As we all know physical DVD businesses are thriving