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Why would there be massive losses licencing media properly?
A black market would arise. Finished with your show? Get your money back. NFTs aren’t connected to identity like that.
They could never pull a stunt like what they’re doing now and make people rebuy things.
Advertising opportunity would essentially fall to zero. Ever notice how ads play before and after streaming services nowadays?
A subscription model wouldn’t work under this system. Subscriptions pull in a higher net than single selling products.
The current system would be overturned in its entirety by something like this, and that’s why the people making money and holding the rights aren’t going to let it happen.