yes, it's basically strips gate-keepers from parts of the entertainment industry.
Through it's still the entertainment industry as in: It requires a mixture of skill, hard work and luck to even just get to the point of earning more then just your basic-living expanses with it.
Through we also have seen such a disruption in the music industries where with modern music services people can reach some degree of success without any deals with any large publishers (through it's not easy).
That is partially true but not entirely. Twitch still has a somewhat strict TOS and regularly bans streamers. The audience is not always allowed to watch what they want. I'm guessing this is because Twitch needs to be advertiser friendly.
