I think so. Movies and books are solidly accepted by socities worldwide as forms of entertainment, as theater has been for years. What will change is when people wake up enough to stop spending money on films and platforms and tv shows that aren't worth anything. Right now, the studios' collective strategy is to promote their junk right alongside their good stuff, which is how they get people to watch the junk. All of their junk has ulterior purposes, which is why so much of it gets made. And I'm not talking B movies, or stuff that got greenlit because an exec was high af. Movies, currently,, are not subject to survival of the fittest.
Books are the form of media that is still (mostly) the hardest thing to succeed in. We have millions of books, but only a small percentage are published each year. Good authors get something like $1/copy sold, and the publishers get more. Authors get rejected for having shit stories, so, for the most part, books are still subject to survival of the fittest.
Interestingly, "book deals" are one of the best ways to send bribe money to someone. When someone gets a massive advance on a book deal (millions in USD), unless they're a highly-regarded author (the late Tom Clancy, for example), it's generally bribe money. Current exampls of this include the current Governor of New York State, and Hunter Biden, current favorite son of U.S. President Joe Bid(e)n. This is one of the exceptions to the rule that books are still subject to survival of the fittest.