The television and film industry is not going away anytime soon.
The industry is actually faced with an historic opportunity.
If they are brave enough to fire all the writers and go non-union with all their labor they can reduce their overhead dramatically.
By forging relationships with cable providers they can leverage on-demand services to sell their content almost directly to consumers on a grand scale.
The decreasing expense and improved quality of CGI and other software could also drive lower film and TV budgets.
CGI has single handedly killed action movies. It’s OK for TV shows but unless used with discretion. as in Zodiac, it screams ‘fake’.
You make a good point. Show biz is totally anachronistic and obsolete. It is crying out for some creative destruction.