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This does not seem like it could or should be legal.
It really shouldn't be. I was hoping Disney wan't going to back down so it could be dealt with in court (and ideally struck down). As it stands, it's still untested, legally, since Disney agreed to drop their fight. I'm almost positive that's why Disney backed down so that they could keep that umbrella binding arbitration clause and still hopefully use it later.
Hopefully the couple here is able to get legal help in suing and the umbrella binding arbitration clause they signed in an unrelated ToS can be struck down. That would very likely nullify Disney's as well.
If it was a different SCOTUS, I'd say take it all the way. It's a crap shoot right now though.