Everything you said is correct—but as I discussed there are physical reasons why cable TV will be hard to kill.
The entire entertainment/sports industry is heading towards a crisis—the numbers just don’t work for anybody—cable TV or streaming.
This is going to be lose-lose-lose-lose-lose for all the participants in the medium term.
The latest Spectrum/Disney deal was an attempt to delay the inevitable collapse of both cable TV and streaming.
Making money delivering the Internet is a solid business—selling entertainment and sports in any format is not.
The reason is that many apartment buildings and homeowners associations have hard-wired cable TV and (most importantly) charge a discounted fee as part of the rent or association fees.
That’s part a technology issue and part contractual. The cable fees or HOA or rents will increase as cable companies increase their rates at the end of contracts. Eventually, people will say “no”. It’s the same problem that I addressed earlier, but with yet another middleman.
As for hardwired cable in buildings, that’s going away with 5G wireless service. There’s at least two choices there. You can get 5G hotspot for your entire home or run your home (TV) from your smartphone’s hotspot. I’ve tested the latter and would do that if it wasn’t for having to run trading software 24/6 that needs a network connection. It wouldn’t run if I used my smartphone for internet in my home and I was not at home.
By the way, 5G is another pressure on cable companies. That’s why cable companies are selling wireless services. They see the writing on the wall. If they can’t be the next T-Mobile then their business may just wither away. Personally, I have no desire to have my phone contract with Comcrap. I have a $15/month contract with Mint, which is now owned by T-Mobile. I have zero problems with that service. Other people’s mileage may vary. I’m positive that Comcrap isn’t able to deliver unlimited calls, text and data on my smartphone for less that $15/month. It would take a significant discount, like $5/mon, for me to use Comcrap ever again. That ain’t happening.