Kinda, but not really, tacobandit from the comments put it really nicely:
As long as I am not held to an annual contract, have the option to end my subscription any time, and have the choice to choose whatever streaming service I want to pay for, it is not the same as cable to me.
Last time I had cable/satellite, it was not only multi-year contract with limited competition, but the "package" of channels always came with ~50% home shopping channels. I seem to recall that a good amount of the income such providers make is from getting a piece of every TV shopping sale.