That's a rather cynical viewpoint. I'd like to think, as a consumer, that the industry exists soley to produce and distribute consumable content. If the recording industry collapsed, people would still make and consume music, just less conveniently so. If all of the major publishers collapsed, Nintendo, Valve, Bungie, Blizzard, Epic, Bethesda, and many others would still survive putting their games on watches if they had to.
As long as games are being made that people want to play, the industry is healthy IMO.