Earlier quoted context omitted.
Because Disney aren't just competing with Netflix and co; they're also competing with usenet services, torrents, Kodi streams and other illegal services. And because Disney keep fucking their own consumers about it's left a void where the illegal services have not only been able to raise the bar in terms of user experience, but also in terms of available content and video quality. In any other industry market forces…
Disney was important in our time but kids growing up on netflix may never see disney content the same way.
The Pixar movies are loved by my kids and while they're still a bit young for the Marvel stuff the eldest is already a big superhero fan (particularly Spiderman) so I can see him really enjoying Disney's Marvel universe when he is older. And lets not forget how seminal Star Wars is even with the younger generation.
So I'm not so sure I'm ready to write Disney off with regards to the Netflix generation.