Studios have been spending extraordinary amounts of money on derivative films for decades, at least since the 1970s. That's the bulk of the blockbuster film industry. The appeal of those films are usually celebrities, explosions, and flashy lights. The reason, is these sorts of films = $$$. And everything is a gamble, if it's as bad as you say, I'm sure Netflix didn't go in thinking "Let's make a terrible film and spend loads of money on it" let alone with the addition of "to piss people off."
Unless you're a stakeholder, it's better not to concern yourself with what other people spend their money on. You'll be happier that way.
Note: I have no opinion on this particular film, I'd never heard of it before. But I'm also not much of a blockbuster fan. I'm more into horror, dark comedy. My favourite genre that most people hate is raunchy comedy, I'll watch Dirty Grandpa and Trailer Park Boys over 95% of Super Hero films.
I describe myself as a little dose of toxic masculinity.
