Your statement begs the question. The OP said "Hollywood" doesn't produce as much original content as it did decades ago. When I point out that there is more original content being created today than ever (probably on the order of several magnitudes) simply because it's cheaper than ever to produce original content, the only thing you mention is "blockbusters". Clearly, the production of blockbusters has nothing to do with the amount of original content being created. Why differentiate Netflix from the rest of "Hollywood"? (Remember, Netflix won an Oscar last year.) For that matter, why overlook the dozens of smaller or independent shops that are producing original content in staggering amounts, regardless of how that content is being distributed?
But, if you want to talk about more traditional blockbusters, Netflix makes plenty of those (arguably more than many traditional studios).
But, if you want to talk about more traditional blockbusters, Netflix makes plenty of those (arguably more than many traditional studios).