A better comparison is with studio-owned movie theaters, which eventually led to the United States’ Paramount Antitrust Consent Decree (which was the law of the land for movies until the DOJ killed this ruling in 2020.)
I don’t feel that studios should get to have their own streaming services much like how I don’t feel movie studios should be allowed to run their own theaters.
For all of its faults, cable had a ton of competition between studios on the same distribution system, often with multiple channels with the same focus by entirely different studios. With current streaming services, ther are more accounts to keep track of, completely different (and often lackluster) UX between each streaming service which can make navigating a pain, and instead of competing with new content it can be just as- if not more- viable to buy up as much pop culture video content as possible and centralize it behind one studio-owned streaming services’ paywall. (Looking at you, Disney.)
If streaming services weren’t allowed to have their own studios, we’d probably have a better streaming landscape than we currently do.
Once the encryption schemes are broken, it’s not just posterity, but every malicious actor with access to encryption-breaking tech will have a field day.
I don’t mind a large collection of data about me being made available to historians, I just mind that happening with my contemporaries.