On the one hand, this is not a big deal and this is how licensing and capitalism works.

On the other hand, it's just a little nugget of proof of how awful and cynical the world, and Disney, is. A massive multibillion dollar company barring a culturally important holiday special from general broadcast so that you have to sign up for their service to watch it.

I think what bugs me is how old it is. It should for all intents and purposes be in the public domain by now. But this is where it gets Disney specific, because Disney has spent an insane amount of money lobbying and legally battling in order to extend public domain laws so they can continue to hoard and suck up every last thing they come across. A lot of Disney's big franchises are ancient, and some are ancient and based on absolutely ANCIENT source material; yet instead of entering the public domain as the law originally intended you'll have to pry these franchises from their cold dead hands.