It is also interesting to note that in 1976, French polymath Jacques Attali predicted a "crisis of proliferation" for recorded music in which its value would plummet due to over production under under-valuation by consumers. As music sales went into freefall at the turn of this century, his prediction now seem eerily prophetic. The same may now be happening to the movie business too... https://www.bbc.co.uk/programmes/b069xcys
In part you are describing the inexorable economic logic of (semi-)monopolies that Cory Doctorow termed enshitification... https://en.wikipedia.org/wiki/Enshittification
It is also interesting to note that in 1976, French polymath Jacques Attali predicted a "crisis of proliferation" for recorded music in which its value would plummet due to over production under under-valuation by consumers. As music sales went into freefall at the turn of this century, his prediction now seem eerily prophetic. The same may now be happening to the movie business too... https://www.bbc.co.uk/programmes/b069xcys