But they don't and the creativity of the young, in many fields, is being wasted.
A talented person can make groundbreaking music using only a guitar or a piano. With a mac, a microphone, a midi-keyboard and enough skill, one person can produce professional level recordings. Technology is not the limiting factor, it has been available for decades.
Movies are different - they require so many more specialized skills and resources. You need actors, sets, lighting, music, sound design, costume design, a script etc. It is great the technology becomes more affordable, but putting your neighbor into a motion-capture suit will not make him a great actor and having Final Cut available on a mac will not make you into a talented movie editor.
Just compare the number of credits on you favorite piece of music compared to you favorite movie.
There wasn't an easy way to build content and find an audience. Now there's an ever increasing opportunity.
I think we're early in this game and only getting our first look at what's to come.
Perhaps, but the same was promised when camera and editing equipment became commodities. There are a few examples like the Blair Witch Project, or Tangerine, a great movie which was filmed with two iPhones. But in general successful movies are still expensively made by professional teams.
The problem is: Even if the technical equipment is cheap, successful movies still require time and talent and lots of hard work.