Information is not the correct word. If I create a story and make a movie, write and perform a song or do previously tangible works, like TV shows, I own it. Art, like TV shows, was not more available to the masses if you missed an episode. When the VCR appeared, you could legally buy collections of old TV shows and movies. You could also loan out recordings and other media from a public library. Information is not helpful to anyone if you don’t know how to find it. I’m a professional researcher, and trust me, sifting through the junk info to find the good info takes time. Innovation still requires work and money. New movies get made every year. No one asks for a new book about this or that. And sometimes, the titles give no clue as to the contents. Example: “The Oranges Are Sweet.”
My company creates new intellectual property all the time. We’ve never desired not to. Today’s society is generally less cultured and generally less interested in learning, or disappointed with what they find if they are. For example: historical non-fiction.