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Streaming was part of the future — now it’s the only future

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Amazon Prime Video : Illustration Chesnot/Getty Images

Over the last year, if an entertainment conglomerate hasn’t announced a shift to focus on streaming, does it really count as an entertainment conglomerate?

With the end of the year in sight and the entertainment industry crowded with streaming options, legacy companies are making big bets on their new services, using public executive shake-ups and declarations of digital-first importance to make their point heard. Streaming isn’t just a part of their businesses; it’s their future.

Over the last several months, Disney, NBCUniversal, WarnerMedia, and ViacomCBS have restructured their teams to make streaming a primary focus. Longtime executives have been fired, others have stepped down (aka fired), and departments merged in an effort to...

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