With the highest level premium subscription of $17.99 a month you could only watch 4.5 movies a month, or 5 - 6 episodes of a TV show. I don't watch TV regularly, but if an average user watchtime of greater than 2 hours is accurate, as I'm getting from a quick search, that's more like 90 episodes a month.
Netflix has the Witcher which I still need to watch, just finished two different ones on figure skating Zero Chill (Hockey+Figure skating) and Spinning out. Both really good shows that weren't on my radar. Recently finished Queen's gambit too--also great and not on radar...
Lots of back-burner shows too (waiting for the next season).
7-11pm is usually dinner, tv with family put kids to bed, watch 1-2 shows with wife, then go to bed. Sometimes I watch old movies that are new to me just cause I heard they're good but haven't seen them yet. Grew up in 80's and just recently finished Fast Times at Ridgemont High for example.
120 hours of screen time's easy... weekends are probably a lot more.. maybe 8 hour sessions, definitely enough to watch 1 whole new-to-us series... esp. with lockdowns and covid.
I don't really know. I'm sure plenty of people consume a lot of new stuff, but I just had a gut reaction to seeing "4 movies or 6 new TV episodes a month" mentioned as a low bar. To me that's a very busy month! But of course I have no data and no reason to believe myself and my family/friends/peers to be representative.
Families with children are an obvious case that probably pushes up the average. But I also get the impression, based anecdotally on myself and my friends and peers, that there's also plenty of people who routinely find themselves considering whether they should even keep paying. There's definitely a common sentiment like "it seems like I browse around on Netflix for several minutes and see the same couple of dozen things that I've been seeing for months, I swear I remember hearing about some recent must-watch movies and shows, but I sure can't find them right now, and I just end up watching YouTube videos." I personally am definitely way over-subscribed to streaming services, and my YouTube Premium subscription is delivering tons more value than all the others combined.