I wouldn't go that far. We still get good stuff, but it's matter of being invested or interested. I am not coming to the defense of Netflix, nor their ever increasing prices, but they got plenty of good original action films/tv shows and animated films I enjoy. I don't care for every single thing on the platform, thank Christ, but I like the live-action adaption of Yu Yu Hakusho, and both Castlevania shows. K-Pop Demon Hunters is cool, but I am not the target audience for it. That's okay though. I heard live-action One Piece is great, but I don't like One Piece, and stopped caring for the actual anime/manga in 2008.
While this isn't Netflix, Amazon Prime has some good stuff, but I am mainly watching Invincible or New Panty and Stocking. Waiting on Spider-Noir. Primal is getting another season on MAX (I will go to a free streaming site for that) I know there is a bunch of terrible crap on these streaming platforms, but I ignore them and avoid them. Any show or film I do enjoy from these, I get the physical version, if it's released or distributed by someone else. I hate Disney+, but I only go there for Daredevil and that new Punisher show coming out later next month. Here's hoping they bring back all of the Netflix crew. Iron Fist they can keep, or just revamp the character.