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Don't you limit your customers base?
1. If I was a customer I would definitely want to watch it on my computer not live. No way I would pay for streaming only. What if I want to enjoy it at my cabin where is no internet etc? Or on my tablet outside my house/office where wifi is not fast enough and I do not want to pay premium for mobile internet. Just random examples.
2. Many people don't have fast enough internet to stream high quality video.
3. Not sure if its that difficult to pirate from the stream.
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