How the streaming wars between Disney, Netflix, Apple and everybody else will change TV forever

The on-demand TV streaming war among media giants is heating up

For decades, the cable bundle has been the center of the media and television universe. Next year, the focus will fundamentally change -- perhaps for good. Apple, Disney, Comcast's NBCUniversal and AT&T's WarnerMedia will all launch streaming video services to compete with Netflix, Hulu and Amazon Prime Video.

The cable bundle's ever-rising cost and the rich valuation of Netflix have pushed the biggest companies in media to start focusing on a new direct-to-consumer distribution model. But there may not be enough money in consumers' pockets to make every new streaming service successful. Welcome to "the streaming wars": the latest battle for your entertainment dollar.

Watch the video to learn more.

Disclosure: Comcast owns NBCUniversal, the parent company of NBC and CNBC.