[sandworm101]

Hollywood does have a very important role that isn't subject to disruption by technology. Hollywood is the home of the "star" system. Stars sell movies these days. Be them writers, directors, models, or guys with funny voices, the market want to see famous people on screen.

Whether it is Paris Hilton or Bill Maher, stars are the people who rise to the top of the system and become household names. The various media wings need a place with a critical mass of famous people. That happens in LA, and to a lesser extent in New York. Look at Vancouver. Lots of films, lots of money, but none of the media associated with LA's star system. The physicality of this system means it is resistant to disruption by technology. Hollywood will be king for a long time.