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[Content Creation] ──> [Algorithmic Distribution] ──> [Audience Engagement] ^ │ └───────────────── Data Feedback Loop ───────────────┘ Monetization Models

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For a few years, Netflix, Disney+, HBO Max, and Apple TV+ fought a war of attrition. The strategy was simple: spend infinite money to acquire subscribers. We saw the "Peak TV" era, where over 600 scripted series aired in a single year. But the hangover has arrived. The market has corrected. The market has corrected