None of that is nothing new, it’s recycled constantly.

Went thru a similar deal with digital photography threatening the old school folks. The music industry did the same as well. Desktop mixing boards and you could start a production company.
I photographed 3 guys that formed a production company. Kinda well known musicians and song writers. We shot pics around the large recording studio with a big 48 channel board. When we got done Gary showed me the software and his water cooled Mac where he did post production.

I forget how many studios in music row in Nashville closed down while others with the new technologies opened up

The biggest thing I’ve seen and heard from friends that own businesses and or are self employed is what Covid did to the workforce. Pretty much destroyed the numbers. If you find some young ones that are driven, working for others is not their end goal.

Until free stuff is stopped this will continue.

“Socialism only works in two places: Heaven where they don't need it and hell where they already have it.” ― Ronald Reagan