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Netflix only cares about new subs. New IPs drive new subs. New seasons of old IPs are money spent on people who are already customers. They make one season of a show you've been waiting for, you sign up, you watch that season, they cancel the show, statistically speaking you probably don't cancel your subscription and then they redirect that money to running the same game on someone else.
So… Fuck capitalism?
This is peak capitalism. Taking your money, not caring about providing you with the service you paid for, and expecting you to bend over and take it.
AKA enshittification
Exactly.