There are people who like to see AAA industry fall with the believe that this will lead to more creative and quality indie games to flourish. Do you agree with this sentiment?
I don't think that will happen. Indie games aren't being held back by AAA games right now, they're held back by the natural size limit of their own audiences and their ability to market themselves to players. The vast majority of players who quit playing Call of Duty in a AAApocalypse scenario aren't going to look for indie FPS games to fill that void since there won't be any. They're going to go do something else with their time.
Those indies that do well will grow over time because that's what players often want - better visuals, more gameplay, more content, more of everything. If those games wish to continue by growing to meet those demands, they will be to pivot toward those things - hiring more developers to build more content, better visuals, better tech, and so on. Through iteration, they eventually become AAA game franchises by moving more towards the broader audience needed to financially support the franchise with each successive iteration and the eternal demand for "more".
The reason that AAA games continue to be made is because there's a significant market for them. As much as terminally-online players will complain about them, there's a lot of people who like them enough to buy them at full price and keep the machine going. I do not believe that these players who want massive content and massive visuals in their games will pivot to indies, I think they'll move to whoever fills the void with a comparable experience.
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