I don't think that will do a whole lot to protect you from the economic harm. If everyone is producing more, the value of the works are reduced. At best, nobody will will make more money, they'll just be working harder to stay at the same place. More likely, there will simply be no room in the market for as many people and most will be out of work.
I disagree. Youtube model has shown that multiple people can produce videos and still earn profit from it. There are thousands of niches that creators can target which big studios don't even touch because masses might not be interested in it.
We can a Big Bang without all the stupid romantic stuff. We can have different ending versions of Game of Thrones. So much stuff is never made because it takes so resources to produce them.
I think the market will only grow when this technology is available to everybody.
In the music industry that appears to have been the case since iTunes hit the scene. The ease of distribution has enabled countless artists that nobody has ever heard of and will never listen to. Yet some have risen up and become hits despite this.
