Spoofing American daytime soap operas and what goes on behind the scenes should be a very fertile ground for humour - the soap storylines being often ridiculous and the actors thinking a huge amount of themselves.
This show does have some laughs in both of those aspects, but it's kind of inconsistent and sometimes the jokes fall a little flat.
As a British person a lot of the cast aren't recognisable, and it looks like the show was shot on a relatively low budget. Although the soap scenes look great in that "soap opera" look in terms of the lighting and the video quality.
Also in the UK the 10 episodes have basically been tacked together into a 90 or so minute "movie" as opposed to the series it was shown in the US as.
If you want a funnier soap opera spoof and are British and of a "certain age" watch Victoria Wood's Acorn Antiques. Dropping the soap is a 90 or so minute distraction and it does have funny moments, but it is inconsistent and feels like it needs more energy and humour put into it.