In that regards you're both right, I do think content owners eventually pulled content because they thought there was money to be had. I was just commenting that Netflix originally got a lot of content for cheap because no one originally cared about streaming (and so the licenses were undervalued). I believe Netflix started making a lot more content both to offset the risk of companies pulling content, but to also offset rising license fees.
In that regards you're both right, I do think content owners eventually pulled content because they thought there was money to be had. I was just commenting that Netflix originally got a lot of content for cheap because no one originally cared about streaming (and so the licenses were undervalued). I believe Netflix started making a lot more content both to offset the risk of companies pulling content, but to also offset rising license fees.