To be fair to Netflix before other networks took streaming seriously they were charging very little to license their content on Netflix. That’s why it had everything and was so good to be better than piracy. The royalties from Netflix couldn’t be enough to fund these networks. Even Netflix themselves as the studio has struggled substantially promoting these price hikes and the effective recreation of cable TV.
As they lose more of the licensed content they’re forced to focus on their own. Unfortunately for the just part they can’t compete with constant new mediocre shows and movies. The streaming industry as a whole has lost sight of what made it popular in the first place.
If they had an actual plan or history of preserving games I’d not care about emulator development. But with the industry track record being so poor we need emulators if for nothing else for preservation.
So much culturally interesting data has already been lost to time which I bet future historians would absolutely love to have access to. The internet archive is missing much of the early internet, while old iPhone and Android apps are largely unable to be run even if you have the APK/IPA required,