Lorenza Muñoz's interview with James Cameron was interesting. He was spot on Hollywood. It will always be a filmmaking center. Filmmakers from China and Japan and Germany come to Hollywood to have meetings with studio executives and to get money for their movies. It is a central switching station for global entertainment. Hollywood is also the place for filmmakers who want to make movies for a global market. China and Russia make films for their own markets, but I don’t see the likelihood of those places replacing Hollywood. India has a huge film industry that supplies hundreds of films a year, but it is very much about that market.
Useful links:
http://en.wikipedia.org/wiki/James_Cameron
http://www.jamescamerononline.com
http://www.amazingcameron.com
http://www.jamescameron.net/
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