My guess is the art form will evolve. When YouTube started, some people thought it would not be able to compete with heavily produced video content. Instead,

My guess is the art form will evolve. When YouTube started, some people thought it would not be able to compete with heavily produced video content. Instead, YouTube spawned a different type of "movie". It was short-form, filmed on phone cameras, lightly scripted, etc. The medium changed the content. I suspect we will see new genres of video content show up once this tech is widely available.