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Streaming companies like Netflix, Amazon and Hulu snagged nearly 1/3 of Emmy nominations this year, the most ever awarded to tech companies. That's up from 91 nominations for streamers in 2016.

Why it matters: Streaming companies are pouring billions of dollars into content (around $4.5 billion this year for Amazon and Hulu and $6 billion for Netflix) and it's paying off. Earlier this year, Amazon and Netflix both took home Oscars, the first time for any tech company. Their bankrolls and massive audiences reflect a big shift in the television business from traditional TV companies to digital streaming companies.

Expand chart

Data: Television Academy; Chart: Chris Canipe / Axios

Go deeper

34 mins ago - Technology

Microsoft looks to leapfrog Big Tech competitors with major acquisitions

Data: CB Insights; Chart: Andrew Witherspoon/Axios

Microsoft is trying to leapfrog competitors like Google and Amazon as they face record antitrust scrutiny.

The big picture: The deals Microsoft has been eyeing are larger than its usual targets and bigger than those of its competitors.

Updated 44 mins ago - Economy & Business

Scoop: DraftKings readies major media push

Illustration: Sarah Grillo/Axios

DraftKings has hired Brian Angiolet, former senior vice president and chief business officer officer at Verizon, as the company’s first-ever chief media officer.

Details: Angiolet will lead a team responsible for evaluating potential media acquisitions and content efforts, sources tell Axios. The team will help vet future deals and content partnerships that the company will use to help drive customer referrals to its sportsbook.

Fallout over Daunte Wright shooting continues

A second night of protests over the police shooting of Daunte Wright unfolded in Brooklyn Center Tuesday, as a large crowd defied a curfew and pleas from city leaders to go home.

Driving the news: “We are going to get to the bottom of this. We are going to make sure that there’s justice, that this officer is held accountable," Brooklyn Center Mayor Mike Elliott told demonstrators in an effort to calm tensions after dark.