The slackening of requirements enacted by the Oscars in 2020- namely allowing non-theatrical planned films- is an impermanent change that means to curtail the damage done to the industry by COVID-19. Given the circumstances, it is an understandable concession that doesn’t represent where the industry is heading.
Streaming is an almost completely separate industry to cinema. There may be a significant overlap in audience demographic, but as a media form, these services are more comparable to TV or considered an evolution of TV.
That certain streaming-exclusives qualify as ‘cinematic events’ does not change this. Cinema is just one of many industries devastated by the coronavirus. It has stepped aside but will bounce back as soon as it has a viable way to do so. When this happens, awards should respect the integrity of the traditional medium and keep stringent entry requirements.