It does now. Back when it was the only streaming service and all of the different studio's content was on it, it was the best fight against piracy. Now that the streaming ecosystem is so fragmented requiring subscription upon subscription, Netflix' selection has atrophied to the realm of mediocrity with the occasional gem like every other studio out there.
I can absolutely see where piracy surges again as people fight back against the onslaught of YASS (yet another streaming service).