Unlike netflix, Disney+ has a good incentive to never become profitable. It pays enormous licensing fees to its parent company. This means the profits flows to

Unlike netflix, Disney+ has a good incentive to never become profitable. It pays enormous licensing fees to its parent company. This means the profits flows to there, and they don't pay a cent of taxes. Now you are going to say, but doesn't "The Walt Disney Company", the parent of Disney+, then pay all the taxes? No, because this company is located in Delaware, which means it's virtually exempt of taxes as long as it makes only money from activities outside of Delaware. Which is does, since it's only selling IP to other companies, like the entity managing Disney+ which has it's headquarters in California.