Count me as a fervent critic of Hollywood, but the world isn't binary and (unfortunately) Hollywood hating it doesn't automatically make it a good thing for the rest of us. Essentially OpenAI, Google and the rest of the pack of thieves are lobbying to establish themselves as the rulers of a lawless world, and everything you already hate about Hollywood (its inordinate amount of power, the bullying of the weaker that ensue, the corruption and politics around it, ...) is meant to get back to us, in worse, with new names at the top.
Indeed that would be the end of the copyright law, but only for the oligarchs.
It has already started. Microsoft and Google hiking prices with AI bundled in is both a way to inflate the "demand" artificially, keeping the show going (covering up the fact that nobody really wants that, and even less so wants to pay a premium for it: there just is no miracle AI product/application to sell), and to mitigate some of the absurd imminent losses.
You wouldn't see that in an "optimistic" and sound market.