Many new movies, tv shows etc are now being scripted by AI.
And nothing of value was lost. Given how poor 90% of the tv show scripts were pretty much for all of TV, AI can't possibly produce anything worse. Same goes for movies.
AI will be interesting to watch as it develops. People watching will adapt as always, and those who are unwilling to adapt will complain. The only difference this time from prior new technologies is the sheer speed in which change is happening, and this change will only speed up more and more, until even the most adaptable among us will have a hard time keeping up. That will be the challenge.