No, the order is correct. NF started commissioning originals in 2013, and for a while everything worked out as NF used the same terms of trade as other broadcasters.
Some years later NF decided they would insist on a worldwide exclusivity buyout for any commissioned content and high-value library. This meant studios could no longer deficit finance. It made more sense to open their own platforms and take the revenue themselves for their properties.
No, the order is correct. NF started commissioning originals in 2013, and for a while everything worked out as NF used the same terms of trade as other broadcasters.
Some years later NF decided they would insist on a worldwide exclusivity buyout for any commissioned content and high-value library. This meant studios could no longer deficit finance. It made more sense to open their own platforms and take the revenue themselves for their properties.