Yes, or as people call it: "ad-free". We all know what is meant by that phrase, being pedantic about "well actually there are ads regardless" doesn't make communication clearer.
There is a clear conflict of interest that can only be addressed by buyers being knowledgeable.
What definition of propaganda are you using here?
That money goes to the people who made the film though, which in some cases actually is Netflix but not usually.
On the TV show White Collar, the main character is never, shown driving a car, or talking about them, or having any interest in cars whatsoever. He walks around New York City, or is driven in a government employee's car. Yet, in one of the later seasons, he compliments on specific features of a car he is being driven, and has a dialogue about it with another character.
Extremely jarring for anyone paying attention, and obviously advertising. Product placement is sacrificing some portion of the art in exchange for money (or products/services which otherwise reduces production cost).
Even critically acclaimed shows like Slow Horses from a supposedly prestige media seller like Apple has scenes where you watch actors put on AirPods Max headphones (obviously with no relevance to the plot).
More accurate is “streaming without discrete ad breaks.”