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We are currently witnessing the rise of "subscription fatigue." The average American household now pays for four separate streaming services. When WandaVision is on Disney+, Ted Lasso is on Apple TV+, Reacher is on Amazon Prime, and The Last of Us is on Max, the consumer is forced to manage a complex portfolio of entertainment entitlements.

This strategy forces a consumer calculus that did not exist ten years ago: How many exclusive universes can I afford to live in? One might assume that exclusive content leads to solitary viewing, but the opposite is true for popular media. Exclusivity has supercharged "event viewing." xxxbpxxxbp exclusive

The arrival of Netflix’s original programming strategy in 2013 ( House of Cards ) shattered this model. Suddenly, the value wasn't in how many people saw a show on Tuesday night, but in how many people would sign up for a service specifically to watch that show on a Friday. became the "anchor tenant" in the digital mall. If you wanted to discuss Frank Underwood’s monologue at work on Monday, you had to be a Netflix subscriber on Sunday. We are currently witnessing the rise of "subscription