The only reason Netflix makes their own content is they were being squeezed by Hollywood for higher and higher licensing fees.
Exactly so. The Law of Unintended Consequences in a nutshell. The networks and studios decided to shut down Netflix and monetize their old movies and TV shows on their own. And for a while, it worked. Netflix lost subscribers, and their movie selection was absolutely abysmal. But unlike the networks and studios, Netflix was able to adapt, and it became exactly the type of company that the networks and studios could no longer hurt.
It's such a pleasure to watch Hollywood being devoured by the monster it created.