How long until we see blockbuster movies produced by a guy in his basement for <$1000?
Never. I've seen people instantly go from liking a static image to disliking it upon learning it was AI generated. The same applies to other kinds of media. No matter how "good" it is, knowing that it was created by an unfeeling algorithm ruins it for most people.
New things will be possible that aren’t today. You’ll be able to pick the stars in your movie. The home base can be your childhood home. Your unrequited love can be virtually fulfilled. Etc etc.
Yes, and none of these hyperpersonal movies will be a blockbuster; they'll be lucky to have audiences requiring the fingers of more than one hand to count, because everyone will have their own hyperpersonal preferences.