Exciting news for who? Only the site owner is excited that a free resource now requires a subscription
“Yay! Now I have to pay another subscription! I’m so excited! Let’s celebrate with them!” - nobody
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And yeah sure, server costs and all. OTOH, subtitle files are tiny, so there’s only so much money you can ask for it realistically.
I bet they can put all the subtitles of every movie and show in history on a single 10TB hard drive.
And what does that matter? Millions of requests cost
They ask for $15/year. Cheaper than Nintendo Switch Online