Yes, everyone is rushing to implement zero-trust principles for real now. It's getting harder to trust that your public facing endpoints don't have vulnerabilities, and it's getting harder to trust that your internal software and endpoints haven't been compromised from within your pre-existing trust boundaries. A lot of the increased workload is due to patching up the existing security infrastructure, and on top of that, building out new solutions to better fit today's threat landscape.
For stuff like Netflix that is truly consumer-facing, where mTLS or IP whitelisting are non-starters, the reality is you have to rethink your model entirely.
Also, I'm not sure where you got the idea I'm talking about on-prem only; this also applies to using IaaS/ cloud hosted infra.