Yes. Asian drama is already there.[1] The first AI-generated Asian vertical-format drama was released in November 2025. Now, about 400 new ones are released each day. The tools are online, and you can sign up for a few dollars a month.
Quality varies widely. The visuals are now quite good, but chatbots used to generate screenplays still have trouble holding the plot together. Much of this stuff looks like fan fiction authors are at the controls. When someone competent is driving, the results are quite good. Cost is about 10% of live action.
Hollywood probably has less than three years to live.
[1] https://pinedrama.com/blog/paradigm-shift-ai-short-drama-rev...