BitTorrent is also much less stable than Netflix in terms of speed of access and availability of any given file, since the distribution of content distributes control as well as work. Peer discovery alone makes BitTorrent less performant than Netflix, for media which Netflix has to offer.
That's not necessarily correct. Depending on the time of day and your ISP, P2P video can be much more reliable than Netflix. Esp because you usually control quality. With Netflix, it can happen that the client decides to force you on a low resolution because they think the connection is slow. That creates quality issues you don't get with P2P.
