The thing is, Netflix is BURNING CASH to make this (meh) content, license other content, and competitors are creeping in...powerful competitors. That's my point. They not only need time, they need MONEY.
Netflix also doesn't make all that much money and this is the entire business. They don't have a movie studios, parks, merchandising, and TV channels. I like Netflix...I just think they are in for a hell of a fight...probably an unwinnable fight against media giants.
Netflix was/is great, but it won't last. They were first to the party, but competition is going to hurt their business because at the end of the day, they are no great content creator or content buyer. They are an app. They don't have the money to buy content in a big way (see Disney's $71B Fox acquisition) and don't have the experience to make great content.