The Simple Reason Netflix Is Paying More Than $500M for Seinfeld
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For me, these are shows to have on in the background while I'm doing something else. I'm not watching them, but that's OK as I've seen them before and can easily dip in and out, while enjoying the odd familiar scene or joke. Personally, I have never watched Friends or The Office on Netflix, but I do this with Archer and The Thick Of It, P&R on Amazon Prime and Silicon Valley on Sky. If any of those shows were no longer on, I'd simply find something else to have on in the background.
This all to say that your experiences may not extend to others, and they have ample data to make their business decisions.