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Yikes this is a good theory. Eventually we will be snuffed out. Sharing will stop. Etc.
Well maybe not. Without the shared libraries I doubt the tech-phobic users will stick around for movies they can likely find other places, especially since I doubt Plex gets very good deals for content.
I wouldn't be so sure if that. It's possible, yeah, but if my theory is right they see the library sharing as the carrot to get normies to download the plex app onto their roku or apple TV.
Pivoting to a streaming only app would close off that avenue for user acquisition permanently.