I definitely don’t disagree with this, but here’s a question for people: if Netflix used their original content budget to instead procure existing content like they originally did, would this save them? This is obviously complicated with everyone creating their own streaming service to charge for their own content, but I’d certainly be happier with Netflix if I had a much better selection of other stuff and not “Netflix Originals”.
The problem with the old Netflix business model is that it's basically just "cable but better". This only worked because streaming rights were priced cheaper than cable carriage fees, which wasn't going to last. If Netflix had continued just licensing existing shows and movies, they'd be charging closer to cable prices because they aren't getting a deal on licensing cost anymore.
I definitely don’t disagree with this, but here’s a question for people: if Netflix used their original content budget to instead procure existing content like they originally did, would this save them? This is obviously complicated with everyone creating their own streaming service to charge for their own content, but I’d certainly be happier with Netflix if I had a much better selection of other stuff and not “Netflix Originals”.