The phrase identifies the current status of the film Million Dollar Baby within the Netflix streaming library. It speaks to whether the movie is currently accessible for viewing by subscribers of the service. This accessibility can vary by geographic region due to licensing agreements.
Knowing whether a specific movie is on Netflix is important to users who rely on the platform for entertainment. Film availability fluctuates as licenses expire and new agreements are made. Historically, movie distribution was tied to physical media and theatrical releases. Now, streaming availability defines how many viewers experience a film.