Their movie catalog has always been thin. A few years ago, I was chatting with one of their tech guys I knew and he told me that people come for the movies and stay for the TV. In any case, this trend toward increasingly fragmented content subscriptions has pretty much been on the wall for a while.
Certainly they have to have some decent content if people are willing to pay for it. I can find a fair share of entertainment and documentaries on there, especially the ESPN 30 for 30 films
I've found their selection to be really poor. As someone else said their back-catalogue for movies is wafer thin.