It's clear they are just outclassed by Disney+. People thought the hard part was creating the streaming platform, the content was mostly licensed with a few exclusives. It's now clear that exclusive content is everything. Disney have new content every month (ie. Moon Knight -> Obi-Wan Kenobi) and high quality movies like Luca and Turning Red.
Netflix's strategy seems to be just get big name actors and mediocre creatives and hope it works. The Adam Project might have a lot of viewers but how many of those are just because it's there? How many people would say "The Adam Project is my favorite movie" and how does that compare to Luca?
Netflix has been essentially making the equivalent of direct to DVD movies as its whole strategy while Disney has been bringing their best. They are becoming The Asylum of the streaming world.
Netflix's strategy seems to be just get big name actors and mediocre creatives and hope it works. The Adam Project might have a lot of viewers but how many of those are just because it's there? How many people would say "The Adam Project is my favorite movie" and how does that compare to Luca?
Netflix has been essentially making the equivalent of direct to DVD movies as its whole strategy while Disney has been bringing their best. They are becoming The Asylum of the streaming world.