Little unfair to say they "missed" anything when they can't control what studios do with their licenses.

I still see people occasionally complain that Netflix "got rid" of stuff, like the Office. There's a lot of shitty things you can blame Netflix for, but that isn't one of them.

It's also not new. HBO, Showtime, Stars, etc all had rotating on-demand catalogs for years before Netflix, with content appearing briefly before being removed, and no one thought that was odd. I never once heard anyone suggest HBO was shit because Austin Powers or whatever was taken off it. It came with the understanding this content was not permanently available.

Part of it is that people had a bad understanding of what Netflix was, and assumed it would be a permanent replacement for a personal collection. That was always a foolish mindset.