This data is courtesy of Dan Shapiro.
As there are only so many people and hours in the day, the market for human attention is finite. Hollywood is spending more money to make TV and movies, but its market share is declining. People, especially younger people, are far more likely to watch videos on the internet made by small creators. Needless to say, the small content creators' costs are vastly cheaper. AI is rapidly making them cheaper still.
And it's not just that small creators using AI-generation will displace Hollywood's existing efforts; they are likely to create new artforms that will displace the old screen/broadcast formats of TV shows & movies too. AI-gen artforms, as yet uninvented, may be real-time rendered, personalized for individuals, hyper-niche, etc, etc
This is all part of a surprising trend with AI, its tendency towards decentralization. Some dommerist nightmares see all powerful corporations in the future, but as with open-source AI & robotics equalling the Big Tech efforts, the trend seems more for AI's power to be dispersed.
This tendency towards decentralization you're seeing is an illusion. Open-source doesn't change the fact that you need compute and the compute isn't decentralized. It's highly centralized in extremely expensive (both in terms of resources and energy) server farms. Even if content is decentralizing out of Hollywood it's still physically centralized.
Also, this tendency towards content decentralization will not last. Right now the whole AI industry operates at a loss because they don't expect profits, so small creators can use these tools because they're artificially cheap. Every company wants to capture market share in the short term so they can profit at a later point. Eventually they're going to want to profit and costs for content creators will skyrocket... and they'll just stop using it. Then the whole thing will crash.
~~then the whole thing will crash~~ them only the super rich mega corps will be able to produce such content and we'll have lost entire generation(s) of people learning how to make art, photograph, film, etc. as they "had AI to do it growing up."
A generation is 20 years. This bubble is not lasting that long.
Also by 2045 climate change will be actively destroying civilization so 🤷♀️
We won't last that long.