Music industry got disrupted first by Hotline/napsters/torrents et al and then the spotify model--music industry had to adjust in order to survive. Music industry no longer anywhere near the crazy profitable, hookers-and-blow-in-limousines-for-all industry it used to be.
Radio biz got disrupted....by ads. Too many fucking ads drove people away from over the air radio. It didn't matter when easily accessible alternatives were either nonexistent or hyper-niche, radio stations could abuse their listeners with 10+ minutes of dick-pill ads per 30 minutes of content. Once easily accessible alternatives to traditional radio landed in everyone's pocket via the smartphone, buh-bye legacy radio business model.
Newspaper business peaked in terms of revenue and profitability around 2005-2006--which many newspaper execs in the 2007-2013 time-frame used to hold onto those 2006 profit-loss statements as proof their business model could still work. They were wrong, see ya traditional dead-trees newspapers--your web presences were DOA: Digital newspapers got played by a hooker website that also hosted free classifieds.
So why would the movie-tv industry escape the same fate as every other legacy media industry.
It took longer for consumers to give up their cable subscriptions and stop going out to movies than to stop buying CDs/print newspapers/listening to the radio as a habit on their commute; but that was almost entirely due to the differential in experience between watching
Sopranos or the latest Harry Potter/Star Wars film in a theater or on your cable-satellite fed TV in 2005 and trying to watch the same video content on a circa 2005 desktop/laptop or nonexistent at that time smart phone device (maybe Blackberry was around) fed by a splotchy pipe with video content being served up in a non-optimal way.
Since 2005, smart phones with high speed 4/5 G data access are in everyone's pocket. Desktops/laptops/tablets are better able to render high-res video. And maybe most important, the delivery of that high-res video content over a data connection has become non-splotchy thanks in part to improvements in hardware and the networks delivering that content but also by Netflix (and others followed this Netflix model) co-locating content servers at ISPs to reduce the distance between the content and the ultimate consumer of the content's device. Early netflix with their mass-mailed dvd's of otherwise network deliverable digital content was a prime example of the CompSci 101 80's observation:
Only around 2010? 2011? 2013? did Tannenbaum's observation no longer hold true and over the network delivery and consumption of content could compete with and even surpass tapes/dvds or even Blu-rays--the video quality of streaming content now in 2023 competes with and even exceeds in quality our old bluray discs we have lying around the house--mostly because of better conversion/compression algorithms today vs when we bought those blurays but also for all of the improvements noted supra.
tl;dr:
inevitable that TV-film would suffer the same fate as radio/music/print media
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