[abdullahkhalids]

Streaming apps are like grocery stores. In both, there is very little value add besides that they aggregate products. And in both the customer wants to get to their product with the least amount of friction possible.

You will notice that in most places, grocery store market has stabilized to an oligopoly, where almost every where multiple grocery stores exist, all of whom offer more or less the same range of products with some variations.

I would imagine if any streaming-app could license any content, the market would evolve to a similar equilibrium. Largely similar products, with some minor variations (some stores offering discount/luxury items at cheap/higher prices). Margins would be fairly low. But most customers will be fine with going to exactly one store/app over and over again.