There is money in that, it just fundamentally doesn't make sense to build a subscription service for it. There are still good movies being made, but they cost money to make, and someone needs to pay for them. They cannot exist if they get thrown on a streaming service where they'll earn a pittance. HN seems to believe they have a fundamental right to watch all the movies and tv ever made for $8/month, but that was only possible due to very special circumstances that have since evaporated.
Netflix is slowly succumbing to it's inevitable fate of turning into daytime tv. That's the only space where it makes sense economically to pay a fixed subscription fee regardless of how much you consume. If you want an all you can eat buffet, don't act surprised when it isn't michelin starred.