Unfortunately it’s not streaming, it’s capitalism. Those with the most amount of capital have the most leverage and consume most of the profits, as opposed to the creative or physical workers.
Artists make very little in live performances anymore due to the percentage taken by the ticket sellers and venue operators.
In other words, artists are getting squeezed by the streaming service providers as well as the venue operators. The lack of revenue from streaming does not (sadly) mean that artists can make up the money in live performances.
Do a little searching on Google or Bing or whatever around ticketmaster and artists and you'll find plenty of credible evidence for this.
Of course, there are exceptions, and small venue operators typically are more willing to share more of the proceeds with artists, and if you are into Jazz like I am this means you can find amazing artists at an intimate club pretty often.
In both streaming and large live performances,the power of the operators is taking most of the wealth. When a capitalist can afford to buy AI instead of hiring people things will only get worse.