Netflix got greedy and decided to make all their own content in-house, but they did a poor job of picking shows, and not making too many at once. They burned to

Netflix got greedy and decided to make all their own content in-house, but they did a poor job of picking shows, and not making too many at once. They burned tons of money on mediocre-to-bad shows, all in the name of not paying licensing to another company, the result being a higher cost for less desirable content.