The film and video industry has been transformed by technology, making video production and distribution much more accessible and affordable. In the past, film cameras cost $20,000 and editing systems were $5,000, but now high-quality video can be shot and edited on smartphones for under $1,000 total. Additionally, anyone can create and share videos online through platforms like YouTube without needing approval from studios or distributors. This has given more power to creators and consumers to control what content they make and view.