But...
> Two drinks at a bar can be $20
That entirely depends on where the bar is. I've paid $10 a drink before, but that's an above average price in my area. It also doesn't alter the fact that for millions of people, $20 is a lot of money. They aren't dropping money on expensive drinks at a bar on the regular.
As for Netflix's self-produced content, too many shows dropped inconclusively after two seasons discourages investment in new IP.
So now for a lot of people, Netflix is charging triple what they signed up at, for less than half as much content.
Sure, they were forced into it, a lot of this was the big publishers realising they could take their content and run their own streaming service. But for a lot of people, the appeal of Netflix was "the legal site with all the TV" and that's increasingly in the past.
It's also only between $10 and $20 a month. Two drinks at a bar can be $20