>>212027498>The entrainment industry, as a concept, was rendered obsolete in 2007It will bounce back with AI, which will eventually replace CG as the "2nd Wave" of AI hits the commercial market. At that point, AI will replace CGI and make the tech extremely accessible to amateur and lower-budget filmmakers. And, it still requires practical effects artists and engineers in some capacity.
Film and television aren't going to die, it's just going to evolve like it did in the the 60's through the 80's.
Now smaller teams, with greater creative control will have access to tech that can put them on par with multi-million dollar films made in the 2010's-2020's for a fraction of the cost. Imagine making The Avengers for $30-$50 million today, or a full fledged epic TV-series (think HBO's Rome with 5 times the budget per episode and 8 seasons) that would be a billion dollar expense today for $100 million or less?
Acting will retreat back to live theater, as there will always be a demographic that will enjoy them (such as myself). The era of wealthy celebrity actors will be over soon. In 50 years, an actor will be fortunate to make more than $100K a year. They all hope to make it "big" by having their play get turned into an AI movie and they make money on the royalties.
Hollywood will still exist as an entity for some time but it will fade away into irrelevance soon enough (15 years is my estimate). Animation will still be popular among niche audiences but AI will have an effect there too.