No, it got worse. Try H265, compression artifacts are pretty bad in certain scenarios, even with high bitrate. Same with h264 - but it can be solved with high bitrate - but your file size also gets much much bigger. Which means you will need very low latency, high-speed internet.
I think youtube is the only streaming service that does it very well without any issues for the end-user, anywhere in the world. Mostly because of their free peering service that is extremely ubiquitous. https://peering.google.com/#/