I use Plex, but it's just about the same thing.
I have several hundreds of dvds including most of the useful Disney collection a ton of recorded TV and I have kids.
Instead of $40 a month in cable box rental, I rent a single $5 cable card and pay for a modest cable package. I also own a silicon dust tuner and couple of Roku devices.
Because all my content is on my own devices, I don't worry about shows being dropped or inaccessible. I don't worry about the shows leaving Netflix. I get to pick my stream speeds. If I need a 128kb Thomas the Tank Engine stream on an overburdened wifi at an airport with 6-hour delays to settle down 30 rowdy children, that's my superpower.
I funnel Youtube through a channel, my kid can watch approved content without being able to follow links to other less reputable content.
When we vacation and wind down at hotels, go on car trips, All my movies and tv show recordings are at my disposal.
Sure, I can add stuff I don't own, or share my content with others, but I don't really need to, I think cord shaving is a good place to be and if things get bad with net neutrality, I have some personal defense.