> Yes Netflix needed a good content library too, but that's never been its primary differentiator. NBC and HBO have been producing good content for many decades now. That's table stakes.

It's pretty much the only differentiator, and what people mean when they say "content is king." Very few companies can compete with Netflix on fidelity and technical performance. Yet Netflix is second fiddle to industry giants that contracted out their streaming platform development, because ultimately consumers care more about what they're watching than how they watch it.