No they are not. They are helping rip off delusional investors who think this will amount to more than slop.

They are only talking about production, productivity, quantity, nothing else. The amount of produced content hasn't been in short supply. There is no talk about consumption. Who is going to consume all this content, _even_ if it somehow turns out good? If it's cheap and easily producible, then it's worthless as consumption item.

Hollywood has managed to sell a lot of derivative, human made slop in the past.

It might not reach the quality threshold where they can make money off it but would I be willing to bet that it can't? Probably not.

If it turns out you can one day make a "big budget" Hollywood movie for $20k in tokens then I don't see the point in having film studios.

But consumers eat up the slop?