Even talented teams given lots of independence and a large budget can coast and meander during development, and more importantly not release the interesting stuff in a timely manner (see GTA6).

At least with the Netflix model they fund every director available, including independent and C-list directors, and release everything quickly, using quantity to mask quality issues. Bigco Gaming is addicted to the 5yrs+ in-development blockbuster model and it's not producing many hits and the public notices that sort of thing.