The only important caveat here is that businesses and organizations tend to become inflexible over time. For example there are plenty of businesses that still use fax machines today. Obviously that is inefficient and that businesses should be at risk of competitors undercutting them.

But in reality you'll see that poorly run businesses can end up continuing for decades.

So we have entered into this weird situation where Hollywood actors and writers are demanding huge compensation for work that is becoming relatively cheap to produce with new technology. It is going to be interesting to see this play out.