As someone who hasn't had any exposure to the human stories behind mpeg before, it feels to me like it's been a force for evil since long before 2020. Patents on h264, h265, and even mp3 have been holding the industry back for decades. Imagine what we might have if their iron grip on codecs was broken.
Possibly, nothing. Codec development is slow and expensive. Free codecs only came along at all because Google decided to subsidize development but that became possible only 15 years or so after MPEG was born, and it's hardly a robust strategy. Plus free codecs were often built by acquiring companies that had previously been using IP licensing as a business model rather than from-scratch development.
And regarding ”royalty-free” codecs please read this https://ipeurope.org/blog/royalty-free-standards-are-not-fre...