The cost of an average blockbuster production, compared to the cost of independent productions on platforms like YouTube, is insane. There's a reason why the cost of seeing a movie in a theater is so much higher today. But the value proposition is profoundly difficult. Spend $20/person/night at a movie theater, or $12/month for ad-free YouTube, where the production values of the top content producers have increased as per-episode views have reached into the millions? YouTube democratized content production, and gave anybody with sufficient talent access to the video entertainment market without needing to deal with the Hollywood gatekeepers. Think that the talent behind YouTube productions are going to unionize? That genie is out of the lamp.
Once the consumers leave Hollywood, good luck to Hollywood trying to get them back. And because the union's agreement doesn't extend to foreign productions, good luck trying to prevent actors and screenwriters from going abroad, whether to be part of a foreign production or an American production for YouTube, the longer the strike goes on.