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Also, watching a purchased disc multiple times doesn't incur multiple fees. As the parent of a young child, you will soon experience the joy of seeing the same show over and over, and streaming the favorite (again) isn't how you'll want to do it.
I see your point, but I don't think multiple fees will be a problem for long. Program-streaming costs will come down, for example, in the form of one low base price for all you can consume -- similar to music (although I think the underlying psychological factors bode better for video versus music.) For example, even today my Netflix account is unlimited streams. And if you're not covered under an all-you-can-eat subscription plan, there's increasingly ad-supported streaming.
Cheers,
Max