Is this a question about sourcing of the particular master or the way that streaming is licensed? Traditionally, the label (master side) did the deals and cleared the publishing rights (standard, compulsory rates on the publishing side). The Music Modernization Act paved the way for simplified licensing but that has nothing to do with source material, per se.
I've had a Qobuz license just to experiment with-- the biggest shortcoming to me was that the repertoire was largely popular stuff, but not "deep"--and having some familiarity with different masterings of the same track, or different recordings of it, I found the catalog to be rather shallow in the area of post-bop jazz. Granted, a lot of stuff is on some of the better platforms and may satisfy the needs of a lot of listeners. But for me, streaming hasn't scratched my itch for "deep catalog" stuff. I also wonder to what extent some of the higher rez stuff is simply uprezzed.
I get why people like streaming. And see the value in it for a lot of users. It's just not what I'm after.