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I would imagine aspiring actors want fame more than fortune.

How does an entertainment world not dominated by Hollywood threaten this?

Answer: It doesn't.

What we have with Hollywood is execs who obsessively control marketing and distribution channels and thereby get to determine who becomes famous and who does not.

For many people it's just impossible to imagine things any other way. But that does not mean it is actually impossible for things to be another way. Hollywood is a very recent development in the history of entertainment.

We could take the execs out of the system, and the audience would still be able to decide who becomes famous and who does not.

The audience is the final arbiter.

Entertainment execs are only middlemen.