This is a tiring trope.

It’s like how the music industry kept saying that people would no longer sing and make songs, because piracy would prevent them from doing so. As if there was no money to be made, and money was the only point of singing. As if piracy ever stopped people from singing for the past 10,000 years.

Well, artists do make money from songs, by having concerts. They are selling the service and the experience of of a live performance. This was the way that it had always been done throughout human history.

Or Apple for example, they don’t make money from selling software, but they make it from selling very expensive hardware, that they force to expire after a few years.