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I don't really think this is anything new. While there are one or two decent programmes on there, I have not been inclined to get it at all. Friends have had it for years and are always struggling to find things to watch... Doomscrolling in fact.
I did get Amazon Prime for a while but it ended last month. I'm amazed how little effort they've made to coax me back. A lot of things of no interest to me, and I have to pay twice to get things which do interest me. Some things are free one week and off the next.
I have little interest in television and do not feel dependent on it. I've always preferred books.
I gave up on streaming few years ago. I had both Netflix and Hulu which were fun for a few years but it gradually felt like it got worse. It got to the point where I would catch myself scrolling past one uninteresting show after another for 10-15 minutes then turned the TV off and did something else.
I've considered getting Paramount just for Trek and South Park but at this point I could care less about TV And film.
I notice a pattern in television. When it first emerged, they put some effort into the programming. Then when colour TV came about, the same thing happened. Same with satellite/cable, streaming services etc. When they were trying to hook people on streaming, the content seemed to be much higher quality.
Mass media has a knack of producing dull programming and films just now. I was watching some true crime docs, but even within that I have my preferences.
Netflix is struggling to get viewers to stick with its shows for more than a season.
That's because if it's any good, Netflix cancels it themselves.