I'm "excited" for the era of different locally run LLMs get to have ads baked into them... People start selling ad-space to inject into their training/tuning data. Could be quite lucrative.
Netflix does not replace television channels, except when it actually partners with TV broadcasters. Netflix only replaces how you consume series and films. Many TV programs --news, short series, specials, local/regional programs, etc-- aren't available at all on Netflix, or when they are they only become available months/years later due to licensing.