Yep.

All artists are competing with AI. With actors, it's harder because AI-generated video is super expensive to make. It might just be cheaper to hire actual actors. I think the difference would be someone like Tom Cruise who does these wild, outlandish stunts, but he's getting too old, and most actors don't have that level of commitment to the craft, so I can see them using AI to do stunts rather than injuring stuntmen.

Music is already being flooded with AI (like Spotify) as the barrier to create AI music is far lower, and far more profitable. Same thing with still art. Many people would rather prompt an AI than pay an actual artist, even if they have to pay the AI a few cents (a token they bought a bunch of for a set price or subscription).