Not films, but a decade ago Netflix was making Bojack Horseman, American Vandal, House of Cards,...
Now it seems to be mostly mediocre, at best, dreck. I would be more forgiving of bad films if they were at least trying to do interesting things.
I don't even blame Netflix. They are just responding to the data on what their viewers watch.
I agree with you - there are some good movies mixed in but the hit rate is abysmal.
I dropped my Netflix sub a couple of years ago. I got by on borrowing a friend's account. Now I sometimes get blocked, maybe 50% of the time.