I agree that Hollywood is evil, however, is the argument that it has peaked really accurate? ("Hollywood is dying.") This RFS doesn't really give any statistics (perhaps because it will be up for longer than those statistics will be current). That said, based on a few minutes of Google searching, the average American apparently watches 150 hours of TV per month, and every few years there is a new "biggest grossing fi…
Meanwhile, people are spending more time using computers or playing games, and that necessarily takes away from time and money spent watching tv or movies. More so, Hollywood no longer has a lock on the video entertainment people watch. More people have watched "charlie bit my finger" on youtube than have watched any show on broadcast tv currently. But more than that there are new, highly popular forms of video entertainment being produced which have very little to do with Hollywood. And many of these people are already making a living off of these works.
Imagine what will happen in the coming years when video production and hosting is even more ubiquitous and cheap and more people can opt to self-produce and self-distribute and take the lion's share of the revenues (from ads, direct sales, merch, live events, etc.)
Sooner than we realize the old power structures will fall away as more and more artists decide to keep control and profit for their works in their own hands.