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.

Data: Television Academy; Chart: Chris Canipe / Axios