That will just force Netflix, Apple, Amazon and others to start producing their own movies.
It will have the opposite effect.
It will have the opposite effect.
Alternatively, as those platforms become more important movie distribution venues, it will reduce the relevance of Cannes and other festivals/awards that exclude films distributed by streaming alone (or "not in theaters", which isn't exactly the same thing.)
If all the award ceremonies start excluding streaming movies and the same quality movies are being released I can assure you we will see a Netflix Movie Awards or Streaming Movies Awards come to fruition.
Cannes is almost irrelevant, commercially, while Netflix is one of the most powerful movie promoters.