Meaning that Hollywood isn't bleeding because of the Internet, the Internet has no negative impact on Hollywood, or you going further, that the Internet actually helps Hollywood information get distributed even better? I'd say the latter. It's so much easier for me to find movie trailers, reviews, and learn about movies I didn't even know existed.
Hollywood Accounting is used to make them look incredibly unprofitable so that they do not have to share the profits, so I don't think they'd be very profitable according to that.