Initial cost? - Yep. But what film production switched to is in a much higher orbit, quality and price wise, than what we're talking about in terms of residential lighting or even typical camera store offerings. Even here, where there's quite an active cinema industry, nearly all of that quality of lighting is being rented out for shoots, rather than outright sold to them, due to the very high cost involved.
I'm typing this under architectural grade LED studio floodlights - about $35 a bulb. The cheapo kind gives me eyestrain, and isn't suitable for displaying print colors either, so I'm glad I spent a bit extra. These should last a lot longer too.
Otherwise, there's no worry about getting enlarger and other device bulbs. They're exempt from the mandated changes.