Hollywood is an industry that should be very vulnerable to disruption. Even if we ignore the whole digital distribution aspect, there's so much bloat in the overhead cost of producing a film. Everything about the industry is based around croneyism, various inside deals made between established independent contractors on short term contracts with all sorts of padding. Plus overhead for safety & insurance, lots of manu…
Hollywood accounting is infamous, but it seems Hollywood actually know what they are doing business-wise. They pay stars a lot of money because it translates into ticket sales, not because they are idiots.
Many movies are made outside of Hollywood (so-called independent movies) with cheaper talent (sometimes working for free), but only rarely are they as financially successful as Hollywood movies.