Are we though?
People I know watch less and less each year. I don't think it's because they're getting older, as the reasons they cite usually revolves around how the source material has been butchered.
And if subscriber numbers were still going up, I sincerely doubt that the producers kept increasing the subscription cost over the last few years.
Honestly, I think that soft power has been massively damaged too, with people looking for less virtue signalling and less asinine gender swaps along with contrived homosexuality in their media
U.S. population pyramid graph is sobering enough.