While I don't think Netflix is even remotely in trouble, even after they lose most of the licensed TV contents, they have to rethink their business model, which depends on:
- Increasing subscription price every 18 months or so.
- Producing "seemingly infinite" number of Netflix Originals so that they can be suggested instead of searched titles.
I could be wrong, but for Netflix to compete in post-Disney+ world, it would have to:
- Stop increasing subscription price.
- Consolidate 3 plans into 1 plan. HD and UHD are not something Netflix can continue charging extra for. And generous account sharing outside a single household is probably not good for their bottom line. I think a single $12.99/month plan that includes UHD and 3 simultaneous streaming within the same household is an ideal balance. Maybe offer referral bonus where both referred and referees get $2-3 off or so.
- Offer cheaper ad-supported plan to compete against $5.99/month Hulu (while offering ad-free plan at premium price).
- Decrease Netflix Originals output. Quality matters more than quantity. Acquire companies like AMC or CBS instead.
- Offer discounted annual payment option to reduce churn.