Looks like have been missing something lol. Looking at the news is there anything of substance regarding the Netflix story other than Reuter's speculation?
IMO MS better stay out of this market and continue outsourcing show/movie creation based on their IPs. If anything needs to change here Microsoft should also add those to Game Pass day and date with other subs (kinda like they do for their game and steam) (maybe create a side channel of $1-$2 / month for existing GP users or $2-$3/month for standalone subs ).
I'd pay that much just for the Halo series and fallout shows and similar content every year.