Not yet. The key is to keep adding properties and unlock other deals, eventually Amazon/Apple could convince broccoli in ways MGM never can try. Deeper pockets, way better distribution etc.

It took several deals for Disney to line up MCU fully. They spent a lot on Pixar, star wars and MCU , fox acquisitions to become the force they are today.

Without these acquisitions, Disney would also be largely a back catalog like MGM being sold today .

The theory is that sum of the properties are worth more than each individually.