Earlier quoted context omitted.
Anime fansubs have been around for 3-4 decades (ever since the early Amiga could overlay subs) and digital for 20+. Interesting that it worked out for them, unlike what happened with music distribution, and then the Napster/iTunes/Spotify evolution. Probably helped that there was only extremely slow and expensive legitimate distribution channels and actual work was required to make the content accessible in other lan…
I think that Crunchyroll was successful because Japanese media companies considered the US market a joke. The companies that distribute anime in Japan never tried to sell into the US, they just assumed we weren't interested. Crunchyroll could then show up, say they had some customers willing to pay, and decided $LOW was better than $FREE. It's still this way; you can buy anime box sets in the US for an entire series…
Clearly you have never bought anything published by Aniplex of America (not that I'd blame anyone for that). PERSONA5 the Animation Blu-ray is $300 (allegedly down from $400 retail) for 28 episodes.
https://www.rightstufanime.com/PERSONA5-the-Animation-Blu-ra...