> Most of the Red Hot Chili Peppers hit songs are pushing 30 years old.

And? That hasn't been a problem for other artist catalogues

>An AI generated song has already been #1 on the iTunes Charts.

Yeah? It's a real big hit, huh? If you believe all of this, then I can see how it would make sense. It doesn't really pass the sniff test.

>Future TV shows/movies/etc. will likely just be generating their own music, rather than paying royalties for "hit songs".

Why would they? They can already have knock-off whatever song they want for a trivial cost