Gee...sounds a lot like Cable TV.
Sarcasm aside, the one problem folks had with Cable was the inability to upgrade without getting locked into another 2 year contract. Streaming solves that one problem while enshittifying all the other good things.
I haven't looked into cable pricing for a while but i remember a few of the contract disputes that caused some big channels to drop off big cable providers in the 2010s. The price-per-customer those channels were asking the cable companies were significant chunks of what a package would cost the customer (eg upwards for $1).
Meanwhile some of the less common ones were a few cents per customer.
That means that unless you weren't watching any of the $1+ ones, you were mostly actually "paying for what you're watching".
Honestly, Cable companies could make a comeback by using their relationships with producers to actually be a "one stop shop" streaming services. There's definitely a pain point to having to be subscribed to so many different services just to cover the gamut of shows and movies
and hardware rental fees
ads on top of your service
bundling a bunch of channels you didnt ask for and increase price
outages
the list goes on