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I doubt the streaming model is going to support 8k content anytime soon. Actual 4k is already more data than anyone wants to be pushing around every time they watch something, to the point that what most people actually watch as "4k" in streaming is at bitrates that make it almost indistinguishable from 1080p.
Well, yes and no. h.265 (HEVC) made it far better for UHD streaming to an extent. Around half the bandwidth of h.264 but 4x more pixels, so you only go up 2x bandwidth.
Now we have .AV1 and h.266 (VCC) formats which need adoption first before we can really push 8K/UHD content. Again, not 100% accurate, but around 3-5x bandwidth of h.264 but is ~15x pixels.
We've come a long way!