Seems like it. I imagine there were a lot of people at Paramount who were unhappy with this, but who weren't empowered to stop it from happening. I want to believe that Paramount is a good steward of the franchise, so I'm hoping we'll eventually get an explanation of how this was somehow unavoidable because of how Netflix does business or some weird contractual stuff.

The timing was so abrupt that I really doubt this was just a horrible rash decision. That's totally still possible though.