Interesting discussion. Most of the ideas in this forum have been suggested in one way or another - including the idea from the original post.
I posted some thoughts on the original YC 'kill hollywood' manifesto on my blog as well - which debate whether or not Hollywood can really be killed. (Spoiler - I don't think it can be, although I agree with what YC is saying).
http://blog.kingtoledo.com/2012/01/kill-hollywood-not-so-fas...
I've also come up with a pretty compelling way for Hollywood (the TV business in particular) to embrace the new opportunities of fragmented communities and distribution. It's called micro-cable, and it's something that I think bridges the strengths of both the new digital world and the established Hollywood infrastructure.
http://blog.kingtoledo.com/2011/12/micro-cable/
I've also come up with a pretty compelling way for Hollywood (the TV business in particular) to embrace the new opportunities of fragmented communities and distribution. It's called micro-cable, and it's something that I think bridges the strengths of both the new digital world and the established Hollywood infrastructure. http://blog.kingtoledo.com/2011/12/micro-cable/