Oh, and just to make it clear where Disney is in the pecking order of getting new films to Disney+...
1. Sony Theatrical (At least 45 days exclusive)
2. VOD
3. Netflix (First-Pay Window, 18 months)
4. Disney+/Hulu/Television use (Pay 2 Window)
So for example, Morbius comes out in January 2022. By the time it goes through all of the steps and finally hits Disney+ or Hulu, it will be somewhere around early 2024. However, Disney+ and Hulu get library titles right away I believe, so that's where the real value is, here. It also extends beyond Movies as Disney will have distribution rights to Sony produced Television shows as well for wherever they want to put them.
I think I have that right, but if not, someone feel free to correct me.