Golden age of streaming.
Streaming got its foothold in the US because Netflix and Hulu has 95% of what people wanted to watch, with a handful of shows remaining on HBO and, eventually, Amazon.
People don’t mind paying $30 a month for two services and therefore pirating seriously decreased.
But now? Netflix, Hulu, Amazon Prime, Crackle, HBO Now, CBS All Access, Disney+, YouTube TV, Sling, FuboTV, The Roku Channel, NBC Direct, etc, etc, etc all have paid subscription services. It’s gone from being the cheap alternative to cable tv to being more expensive if you want all of them - which you do, because almost all of those services only have one or two shows that people actually watch, and the rest is just filler. It’s Foxtel in the 90s all over again.
People are happy to pay for one or two services, but not all of them. Which means people go back to piracy, and if you decide to pirate shows, you probably won’t pay for any of the services because you’ll just pirate what you want to watch.
This means they will become increasingly risk-averse to hang on to the customers that they have and will take fewer risks on interesting original programming.