they've abandoned the content acquisition strategy. that went out the boat a long time ago. netflix is a content creation company now, competing with HBO, NBC, etc.
As a producer/show runner, who would you rather make a series for, Netflix or a streaming service you've never heard of? Which would you accept less money upfront from?
Suppose you choose Netflix to fund your philosophical sci-fi show? Netflix tell you they will put it at the top of the main menu for everyone who's ever watched the new Star Trek as long as you agree to X. Do you agree to X?