No, but it’s going to transform television, just like TV did to radio.
If the networks continue to program with garbage, they may as well begin the fire sale now.
Competition kills inferior products.
The one thing Netflix et al have NOT done is replicate the brain-dead short-menu turn-it-on-leave-it-on experience for those who want to watch “something” for hours without active involvement in deciding what.
Sounds petty (it is, but there’s big money in petty), but I’d like to choose a collection of series in Netflix, and then be able to just turn on, hit play, and pick up where I left off, and when one episode stops it rotates in the next episode from another series. If I watch 5 minutes, fine, it remembers where I stopped. If I just leave it on for hours, it works thru the backlog without any further involvement from me.
THAT is the TV experience which is not replicated yet - the “zombie mode” or “background noise” use case.