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Can’t pay, won’t pay: impoverished streaming services are driving viewers back to piracy
(www.theguardian.com)
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Further, the studios saw how Apple cornered the market selling songs for a dollar and didn't want any one company (Netflix) to have that kind of control again. And it happened the same way: the record industry didn't take the iTunes Store as anything that could be a huge success and gave Apple a sweetheart deal that they later regretted for leaving money on the table.
The lesson they didn't learn is that it takes competitive pricing to wipe out (most of) piracy. The desire to squeeze every last drop of profit leads to its resurgence.
Good riddance to studios opening a bajillion streaming services. Sail the high seas and be merry.