Netflix was the first major company to embrace streaming. It was THE go-to place for streaming, but Hollywood was slow to recognize the value of streaming and contractually most of the best content was not and is STILL not available on streaming.
Netflix recognized early that once Hollywood realized streaming’s value, they would ALL want their own services. So it began investing in content creation. It spent RIDICULOUS amounts of money to try to create it’s own content since it was inevitable that third party content would be increasingly hard to get.
Netflix was right about all of that. Unfortunately, it was so eager to create content that it greenlit just about ANY script that came it’s way. A normal TV channel has finite air. A movie studio can only release so many movies to theaters. That means they have to select the cream of the crop (in their flawed opinion). Netflix didn’t have that limitation, so it bankrolled a lot of REALLY bad content.
But it’s not all bad. Santa Clarita Diet and Orange is the New Black and Ozark and Stranger Things are legitimately good content. There is some quality there. It’s just that there’s a lot of REALLY bad stuff mixed in.