Except Netflix never had the streaming content that you can get today for $50--both because of its own original content and because a lot of content (especially films) was never available on Netflix streaming.

I agree with the parent. Without live TV, a streaming bundle you assemble is clearly cheaper than you were paying for cable TV (or cable TV plus Netflix) in the US. Today, add a live TV streaming service and you're probably back to about price parity with a lot more choice of content.