This looks like spin to me. I'm much more likely to cut off my subscription due to a lack of satisfying content than distraction by other sources of entertainment. That's probably the message they are trying to push to the background with this "Consumer Screen Time" metric. As content competition increases with other established producers, the likelihood that Netflix original content will be enough for current customers to maintain their subscriptions is reduced. Netflix originals already tend to have a specific "flavor" which I'm not particularly fond of.
There's only enough room in my media budget for one, maybe two services, so whichever one has the content I want gets my money.