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The "Golden Age of Television" was funded by cable bundles. Now, it is funded by subscriptions. To keep you subscribed month after month, platforms need a "moat"—content that acts as a barrier to leaving.

Gone are the days of generic streaming libraries. Today, platforms have distinct "flavors" based on their exclusive holdings: bangladeshxxxcom exclusive

For all its success, the exclusive content model is cracking under its own weight. The "Golden Age of Television" was funded by cable bundles