I’ve been streaming since 2010.
And I clearly stated in my post that paid streaming services such as Netflix are on the chopping block in an economy wracked by inflation.
And I clearly disagreed with your supposition. Streaming services offer far better value than cable TV. They are increasing in popularity with new services being introduced constantly. Increased competition is putting the hurt on cable companies, satellite TV content providers and also established streaming services which are not adapting to the new circumstances. But this mostly has little to do with inflation.
It is not unlike what happened to DirecTV NOW which we subscribed to the first day that it was made available to the public. Like you we were of course streaming Netflix prior to that time, but not as a cable replacement. DirecTV NOW was a cheaper alternative than cable for us. And their company's valuation increased exponentially as millions of people subscribed. AT&T bought them out for billions but then they started jacking up their prices at the same time competitors started coming online. AT&T lost a fortune. This is a similar situation to Netlix, along with their now crappy woke home grown woke programming (which few people care about these days anyway) they have raised their prices and their content and features have actually gotten worse. They are no longer competitive.
Your situation appears to be the same as it was when you started “streaming” Netflix, using it as a supplement to Cable. And if we look at it that way I see where you are coming from, but that is not really the same situation as people who are cord cutters. We have dumped cable and are getting our content by streaming through what has now become a myriad of providers. I think that you are seeing this through the lens of your own experience and do not really understand the true dynamics of what is currently going on.
For goodness sakes we don't even listen to local stations on our car radio anymore, we stream music through Bluetooth from our phones. Definitely worth the nominal sum we pay for the service. And there is a lot of competition for that market as well. No commercials and no irritating DJs... And it works even up on logging roads. But what is that going to do to local radio stations? Changing times.
And this chart is "pre-pandemic". Streaming video increased even more in popularity when people's entertainment options were severely curtailed. I would expect some pullback as things open up more, but inflation and sticker shock may cause many to stick with the cheapest entertainment option... streaming to their HD TV.