Netflix Inc. has seen a decline in user engagement, with customers opening the app less frequently than before. Although total watch time increased due to new subscribers, individual viewing has decreased significantly during this period. The company is facing challenges such as increased competition and fewer hit productions impacting viewer attraction. In response to these issues, Netflix has made leadership changes to strengthen its content strategy and overall business model.
I would argue this with “but what about franchises getting slopped up with content that doesn’t fit the original narrative/characterizations?” But then I look at what Disney has done with Star wars and marvel and realize I don’t really have leg to stand on.