It’s close.
Once movies can be made anywhere by technicians alone, then you can make the 10 minute movies Katzenburg thought were a good idea, or 100-minute whatevers that Dillers doesn’t like, or movies targeted at India or the US. You can endlessly re-work the product in “Director’s Cut” fashion. Think about bombs like the “Love Guru” with Mike Myers. Mike is a funny guy with a string of successful movies, but that one didn’t work and derailed his career. What is you could “reshoot” the movie in its entirety until you get a “Love Guru” that people liked? Cost would be minimal.
Think how much Justice League was changed from the piss poor theatrical release to the snyder cut.
Monkeys banging away randomly on typewriters work cheaply.
It isn’t about making movies, the problem is distribution. And the streaming payout for independent producers will never make back their production expenses.