Also: you literally could make a machine where tou insert a dollar and you get a watch link for the whole world.
With physical media you'd have to figure out the whole logistics, produce to demand etc.
The problem we have is that digital rights are such that many distributers will rather let their films rot on old hard drived somewhere than distribute them worldwide. Give me a cheap way to just watch the absolute best variant of a film and I will use it. But the bar to clear in terms of usability and privacy is me downloading a mp4 and putting it into VLC player. This works everhwbere on the world even without internet connection, what doesn't work is your streaming service because you haven't cleared the rights for each region of the world and it sucks.
How so? When DVDs and VHS were at their most popular not everything was in print or available.