Generative AI will bring about widespread deflation in the cost of entertainment… which will be great for society. Can’t really put the genie back in the bottle once it’s out.
Why even pay licensing fees to existing actors? Just create your own personas to repackage. Of course there’s some value in the immediate term to using recognizable likenesses, but not likely to be a longer lived trend.
We can look back 10, 20, 100 years and easily recognize the huge benefits technology has brought to society, and still whenever something new gets created there are people that will fight it tooth and nail over very shortsighted concerns.