

I will preface this by saying I think it would be interesting to attempt but I think the end result would be disagreements of all kinds would lead to a lot of degeneration and splitting as we see with Lemmy and with how gab and parlor are in relation to mastodon and such.
There already are “forks” of wikipedia for conspiracy nuts and other sorts.
I think what could work though is similar to how some things are adding AP support that allows for following and sharing, and maybe commenting on articles, having those aspects be federated might not be so bad.
It was always going to be a rug pull, they basically took XBMC and ffmpeg, made a “cloud” based front end for it and started asking people for money.
At no point was it anything other then an attempt to cash in on pirates. At some point I guess they realized all those “lifetime” subscription purchases would dry up and they started Partnering with or buying up other streaming content so they could at least pretend to be offering something else but that can only get them so far financially.
It might have been short sighted rather then an intentional rug pull, but obviously running a service like Plex requires an constant stream of funding, and when your loyalist users are the ones who paid a relativly small lump sum early on, it gets harder and harder to keep revenue coming in from new users and monthly subscribers.