Yeah, and without additional cost if you're already subscribed. So people would be more inclined to watch a movie they heard was terrible on their TV for "free" than pay for it at the cinema.
They're on two separate streaming services, and they're both included in the two streamers' catalogs.
The only reason Madame Web out-streamed Deadpool & Wolverine was because most people had already seen the latter in theaters, and because Netflix (which has Madame Web) has more subscribers than Disney+ (who has DP&W).
This also likely explains the Kraven the Hunter thing happening on Netflix, with the added bonus that apparently KtH is merely underwhelming and not a literal shitshow. Can't say personally, though , as I haven't watched any of the Sonyverse Spiderman accessory movies.