Region lock is one thing. When traveling i was fine watching whatever i was restricted to in that country. Now my account is completely worthless outside the US.
No. I signed up for my account in Taiwan and have also used it in Thailand, Vietnam, Japan and the US. I canceled a few years back and went to Amazon Prime, but they recently gutted their selection if you’re outside the US, so I was considering getting Netflix again.
It's not just Disney. Many companies license their work to different companies to broadcast in different countries. And this licensing scheme continued on into the streaming era.
Content has always been region locked, but accounts could travel freely between regions. This allowed users in the USA to access media available in any country from a VPN, for instance.