https://www.bls.gov/emp/ep_table_201.htm

Movie and music industry is in the "Information" labor category, which accounts for a whopping 1.8% of total employment... Oh, and Bollywood is already bigger than Hollywood. I don't see such trends reversing as we continue outsourcing CGI and other movie-making magic. There's nothing special about Hollywood that isn't able to be duplicated somewhere else.

> And reputation via ivy league education? Also a legal landscape conducive to doing business?

These both almost solely benefit upper-class, and no one is arguing that they'll be just fine -- at least, for a longer period of time than everyone else.