The movie industry is so cooked. Most people blame a host of issues. However it was technology.
We saw the first wave due to the internet. This broke the monopoly on distribution that Hollywood had. We saw a dilution of eyeballs as the Internet grew.
The second wave is AI. As it gets better, we will see more content, including AI generated characters, going viral. The need for human actors, for example, is going to diminish.
Even with AI you need both hardworking and talented people to make something watchable with it. What happens when technology improves doesn't make it so there are more successful media, it moves the baseline for what successful is. We noticed that with gaming...
There are millions of games releasing today that are technically better than the average game from 20 years ago, but the baseline for what is considered good makes 99% practically not worth playing today. And yes, I'm counting indie, mobile and AI slop in this.
Spot on—AI's about to democratize storytelling like the internet did distribution. By 2030, we'll see AI-human collabs creating viral hits that amplify creativity, not replace it. The abundance of content will explode opportunities for innovators
So somehow... old stars fade, and new stars flare up less and less often :)
!INDEED