Interesting perspective. I can’t say I completely agree because you seem to focus only on English language shows. They have imported some brilliant shows, branded as Netflix originals. Many of those far outshine anything they have produced, The Money Heist immediately pops to mind.
The BEST thing about the streaming services is that they’ve opened Americans eyes to shows from around the world…for those willing to look.
Netflix has struggled just as much as any other content provider. And they’re still around. The difference is that they are trying different things. That matters. Netflix is here to stay and accordingly, they will stumble.