Amazon and Apple offer nearly free entertainment that they subsidize at a loss. Vertical media companies are trying to compete and are thus attempting to mimic the streaming model.
This is an unwinnable battle. Disney and NatGeo can't compete on price. HBO / Warner / Discovery can't either. They're being forced to awkwardly consolidate and cut costs to stem their losses while they try to serve the same customers.
Streaming is ultimately a game of throwing spaghetti at a wall and seeing what sticks. You can't charge a big premium for sludge content, especially now that it's a commodity.
Summers full of prestige drama and blockbusters have been replaced by shovelware Bird Box sequels and shows that get launched and canceled in one season.
It's disappointing.