If the only value to universities is to have someone give a lecture with zero interaction, then yes, have university education happen over recordings.

But most university professors (hopefully) engage with students, allow discussion/questions, and offer assistance, even if outside of class.

But if professors never speak to students, and students aren’t allowed to engage with each other, then yes, there is (almost) zero reason to have everyone sitting in the room together.

And if professors are doing this over VC, again with zero opportunity to engage with the professor/other students, then send out recordings/other async forms of instruction.