Economics will kill Hollywood if we resist their bribes to cripple open technology and they flounder into obscurity.
They currently control most of the chess board (from ISPs to copyright to the law in general) but we hold the key pieces (that are becoming more essential over time as the Internet becomes more global and pervasive).
I doubt killing Hollywood will be the solution. Industry will always try to gain unfair advantages through legislation as long as we let them. That is, as long as government is too large to really care about the little guy.
Harmful legislation is much more present in large legislative agencies such as the US government or (to some extent) the EU.
Decentralizing legislative authority to e.g. the states is the only way to get laws acted in your own best interest.
Having different laws in every state is exactly why most of the world can't watch Netflix. The EU is trying to consolidate things which gives incentives to negotiate contracts. The last thing the EU needs is more Balkanization as companies can't afford to comply with twenty different regulatory schemes.
If the most powerful nation conglomerate in the world has to appease a corporation and negotiate, you are already off the deep end.
The world can't get netflix because big studios want to release content where they want when they want, and instant data transmission over great distance impedes that if everyone can watch the latest show in their home country before they had 3 months to buy the box set in stores.
They currently control most of the chess board (from ISPs to copyright to the law in general) but we hold the key pieces (that are becoming more essential over time as the Internet becomes more global and pervasive).