More music gets made now, but the market is completely different.

Bands have generally switched to individual artists with production more handled by others. A majority of a famous singer’s earnings now comes from ticket sales, causing a spike in ticket prices. There is also the chase for virality, seen a lot in both ring tone rap at the nadir of the industry and songs today based mainly on their TikTok hooks.

TV shows and movies have already lost their “tour” with an overall decline in theatre and we are already seeing a lot of the middle ground of movies that were made 20+ years ago no longer get made.

Content will still get made, and probably at a similar quantity. However, I expect the industry to continue its trend to either micro budget work or something gigantic with no middle ground, just like with music today.