It would be doable but you would need a LOT of bulbs and the screen would be huge. Consider a bulb is around 6cm wide so for 1920x1080 which is pretty much the minimum res now days, the screen would be at minimum 115m wide and 64m high. To put it in perspective the CN tower is 553.3m high. Most smart bulbs also require apps, so there would be no easy way to interface with them via custom code without reverse engineering them.
If you did pull it off though, it would be super illegal to watch the Superbowl on it since it's bigger than 55".