Credit: Netflix

Nowadays, watching Netflix is a fact of life. It’s as popular as cable television was fifteen years ago. And yet, while we visit Netflix daily to feed our binging needs (Friends and Gilmore Girls, anyone?), you might be surprised to learn that Netflix’s library is shrinking. Yes, that’s right, their library is smaller than it was ten years ago.

How did we miss this?

According to The Week, there are three reasons why this is happening:

1. The success of their original content.

Be honest. Most of us watch at least one original Netflix show or movie. Whether it is the haunting political noir House of Cards or our favorite feminist programs Orange is the New Black and the delightfully dark Jessica Jones, the streaming service createssome quality entertainment. (And we haven’t even touched on the genius that is Stranger Things.) So why should they store a bunch of old movies and TV shows when fans associate prestige shows with the streaming service?

2. Children’s entertainment

Those of us with younger siblings or kids know that Netflix is currently #winning children’s entertainment. Around half of their 75 million subscribers routinely view children’s entertainment. That’s huge. Plus, Netflix provides parents with control that cable television does not. As The Week notes:

3. Peak TV

Netflix originally began as a place where subscribers could find any film they wanted in an instant. But now, in the era of “Peak TV,” subscribers no longer want the “old” entertainment, the classic motion pictures, or sitcoms. They want the new prestige dramas and comedies. And by the time we get our fill of those, we have no more room for those old cinematic masterpieces. We’re full.