It is upto your requirement, Netflix like websites are run in cloud hosting because they want to store unlimited data and high availability.
in webhosting, you will get free support, no need to tension about the system administration task but if you are moving to cloud hosting like AWS, you need a basic knowledge about aws or you have to hire a cloud administrator.
in cloud hosting, you will get more reliability, high availability, load balancing and many more features.
██ Rack&Cloud Hosting Solutions
| Enterprise Dedicated Server Provider
| 24/7 Technical Support
New York City Metro | Miami - Florida | Los Angles - CA
█ One Year Free Fully Managed Support with any dedicated server.