Ditching the pay-per-movie model that sustained VHS, DVD, and Blu-Ray and letting Netflix basically take over the distribution is the biggest mistake Hollywood ever made.
They should never have given Netflix shit to stream on their service and left them to die with no content.
What studios should have done 15 years ago is created a consortium with a unified store front where you could buy digital streaming versions of each movie for say $9.99 a pop (discounted down to $4-$5 for older titles and during sale periods). This would have allowed them to basically keep the same profit margin they were making off physical DVDs give or take.
Focusing on Blu-Ray instead of a digital distribution of movies was likely a mistake, but oh well. Can't do much about it now.
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