How long until we see blockbuster movies produced by a guy in his basement for <$1000?
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Before we see this and higher level of quality accessible to enthusiasts, we'll see these tools adopted by mainstream studios first, which is starting to happen.
I'm a firm "AI" skeptic, but if this technology has revolutionized anything, it has been image generation. A few years ago it was science fiction to have the quality of upscaling we take for granted today. I reckon the same will happen with video generation as well a few years from now. Unlike "ASI" and "AGI", these improvements are achievable with better engineering, and don't necessarily require a breakthrough.