I don't think Netflix is "wok". Their content standard has just taken nose dive. Case in point: Stand-up comedy specials. Netflix pays out staggering $10M-$20M

I don't think Netflix is "wok". Their content standard has just taken nose dive. Case in point: Stand-up comedy specials. Netflix pays out staggering $10M-$20M for this one hour stand-up. They used to be high quality and worth watching. In recent years, comedians have been using Netflix as ATM machine. You need money? Just call your buddy there, schedule a special 6 months down the line and collect money. This leads to majority of special with aweful content that you would probably stop watching in few minutes. What Netflix experiencing is very similar to communist economy. Producers don't get paid for views hey generate and they have no market incentive. Unlike cinematic releases, you cannot go in loss on Netflix because deals are made upfront. There is no cost of failure to you. There is no real economic award or punishment from the market. So people just come in and slap whatever content they can to spend the available money.