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The question is not what would I do but what would the industry do? Cash would go away so Sony's first party studios were all unemployed from one day to another and a lot of talented people would search for new jobs which most of them would most probably get.
As Sony also owns a lot of IPs we wouldn't get any more Gran Turismos, Uncharteds or the really last of us which would leave a massive hole in gaming but gaming would still move on, of course.