Hollywood's business model really is under a potentially mortal threat, though. And that's because of Netflix and the other big companies with streaming operations which don't need to make a profit from streaming, necessarily, while at the same time putting up some tough competition for audiences' attention.
The next decade or two will determine who controls the future of mass entertainment. And, for better or worse, a lot of it may be determined by nothing more than mere algorithms.
Honestly, because of the crap Hollywood has been investing in, and their constant pandering to the lowest instincts of their audience, not only do they probably deserve to tank everything, I also don't even think that I'd care.
Not that I have faith in Netflix or algorithms. They will likely be even worse.
But maybe opening up a little room for moviemakers who dare to think outside of the broken box Hollywood has been squatting in for two decades might be a good thing. It was after all studios being garbage for years back in the 60s (where they were investing and losing in second rate epics like Cleopatra) that allowed New Hollywood to take over.
And, lo and behold, look what happened there. It turned out there actually was an audience for modestly budgeted, unique, sometimes (dare I say) even artistic films. You could even make a profit (gasp)
So we don't have to let the notion that the idiot market should dictate to us a bunch of idiot films. Not by a longshot. But I guess if we want to be completely ridiculous, we can just keep believing in what the studio's have been telling us for years. Blow the trumpet for them that everything is about returning investment, and nothing can or should be done about the current horrendous state of mainstream filmmaking. I guess some people, especially those that actually are just as offended by the notion of Art as the studios assume we are, think that's a good way to sound like they've really got something smart to say. But I don't. I actually think art has value and social import. That it might be the only way to combat the disgusting apathy that has completely taken over the senses of so many.