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They pay residuals to the creators per viewing so not giving anyone the option to stream it is the cheapest option. Netflix doesn’t ask you if you’re still watching because they’re trying to save you electricity or not run up your monthly data cap.
I figured it saved them electricity and bandwidth
Only proportional to the viewership. Which is their product. So removing their product removes cost? If course, but it also removes business.
You want to minimize cost without hurting your sales. In the case of subscription there’s a strong indirect link between viewership and sales. A consumer doesn’t want to pay a subscription for something they don’t use.