Well, I'm not that young anymore, but I haven't watched regular tv program for about 5 years now. Everything I need is accessible via the internet without waiting times and no adverts.
BUT I can also see a different development here... especially my experience with amazon prime, who - since a while now - offer "additional theme channels" for even more money than the regular subscription you pay for... which in the end is pretty much the same as the old Premiere or later Sky, where you pay more if you want to see certain stuff. Really, it's beginning to be exactly the same as old pay tv, just that you can still choose at which time you'd like to see a movie or show. It already annoyed me when amazon started showing adverts before each movie, even though I'm already paying for prime.. which had its costs increased as well a couple months back.
tl;dr - I fear that internet streaming services will end up just like regular old pay tv someday in the future.