It's the same problem with every company that grows too big: Netflix got arrogant and are now losing out. You pretty much hit the nail in the head, and this has been discussed before in the online space, and out of it. Netflix has actually been losing money ever since they lost all the Marvel shows about the Defenders, Daredevil, Luke Cage, Jessica Jones, etc.I wonder how much has to do with the oversaturation of the streaming service market, versus how much has to do with Netflix making trash shows like Resident Evil and such.
Because Netflix used to be a hub for online shows and movies, but as more studios put out their own services that digs into the potential entertainment that Netflix can offer as they loose the rights to shows on Paramont, Disney+, HBO, etc etc etc. The value Netflix can offer grows less and less, unless they start making better shows and/or movies, which I don't think they have the studios or budget to do especially when loosing revenue.
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