The term "media industry" is not usually applied to "crowdsourced low budget SF epics from Finland and state-subsidized art films from France", any more than the term "agricultural industry" would be applied to someone's backyard herb garden.
The OP did not claim that "movies are dying", he claimed that the media industry is dying, which is a completely different statement. If the media industry dies, people will still make movies, they just won't have the massive budgets that contemporary movies have.
For what it's worth, I think the OP is letting his anticipation cloud his better judgment. While the media industry will certainly decrease in size and influence, and will probably become more selective about which scripts it funds, it will continue to exist so long as customers are willing to pay $20 for the experience of watching a blockbuster on a hundred-food cinema screen.
The OP did not claim that "movies are dying", he claimed that the media industry is dying, which is a completely different statement. If the media industry dies, people will still make movies, they just won't have the massive budgets that contemporary movies have.
For what it's worth, I think the OP is letting his anticipation cloud his better judgment. While the media industry will certainly decrease in size and influence, and will probably become more selective about which scripts it funds, it will continue to exist so long as customers are willing to pay $20 for the experience of watching a blockbuster on a hundred-food cinema screen.