All new ventures lose money and take time to make a profit, how long did it take Dish Network, DirecTV, Amazon, etc, etc.
The Disney losses were expected and the dip in stocks is being felt by a lot of companies right now, Tesla, Apple, etc.
But in your little rant against Streaming, you do not bring up Dish's profits going down and their stock price in comparison.
Dish's stock price this year High-$36 now-$17, so a tad more then a 52% drop, more then Disney's.
All time- Dish's High Stock Price-$64.28 , so a 73% drop to today.
Disney-High-$187 now-$95, so a 49% drop