The current state of things is confusing, expensive, and user hostile.
I was trying to figure out how to watch Rick & Morty S6 the other night. It'll be on Hulu, but not for months. It'll be on HBO Max, too, but it's only downloadable for offline viewing on Hulu. Wanna watch it now? Need a cable subscription, even though Adult Swim's website says "now available on HBO Max".
I like the idea of any streaming service being able to license any show, if they can pay the fee. Another comment mentioned the Paramount Decree as a similar example.
You're arguing there is TOO MUCH competition not too little and that a centralizing force needs to help improve consumer experience. Fair, but not your original point.