The presence or absence of commercials is a huge element in the "format". It's possible to never see commercials online -- which isn't possible on TV. Also, Shows of this quality are the vast minority, not the "vast majority".
>Shows of this quality are the vast minority, not the "vast majority".
There are higher quality TV shows than ever before. To say TV "had its heyday" is outrageous. TV, not movies, is where the magic is happening these days.
I know people who have paid for HBO accounts to watch shows as soon as they come out (instead of pirating them or binging them a few years later), ditto for cable subs and commercials. The average consumer is not bothered by this stuff IME.