I don't think so. There is zero chance that Netflix can produce enough original content to give it an advantage by producing shows. It is easy for Amazon, Google, or Apple to pay for exclusive content if that were to become necessary.

Netflix has very little cash in comparison to it's competition. I'm glad they are trying to remain distinctive and keep innovating but any of their competitors can simply buy a studio and do the same thing.

It's possible Netflix sees the future by becoming like a TV channel but for the internet. And have people pay a monthly price to view this TV channel. Some other content producer would be another channel. I don't see this model working out. Rather, I see producers selling their shows to content distributors like Amazon, Apple, and Netflix and letting them fight over subscribers. If this is the case then Netflix has no advantage.