Yes compression will always be required. The raw video they work with in production takes up enormous amounts of drive space. As things become less restricted it only means we’ll be able to use less compression and higher bitrates. Though you can use fairly liberal bitrates with local storage already. I have zero issue with local videos, but I can run into compression artifacts when streaming from sites with less than optimal bitrates.
Yes compression will always be required. The raw video they work with in production takes up enormous amounts of drive space. As things become less restricted it only means we’ll be able to use less compression and higher bitrates. Though you can use fairly liberal bitrates with local storage already. I have zero issue with local videos, but I can run into compression artifacts when streaming from sites with less than optimal bitrates.
Compression, yes, but lossy compression will eventually die, even for video.
I already stopped downloading MP3s. Storage space is cheap and abundant enough now that I replaced almost my entire music collection with FLACs.