Hollywood is certainly moving ass-backwards through our technological revolution, but it seems a stretch to say that it will be undone by crowdsourcing. Decentralized by more people having better filmmaking tools, sure, but not toppled by the defeat of personal vision. Jimmy Wales disagrees, however. From Wired:

“Jimmy Wales has a message for Hollywood: You’re doomed, it won’t be piracy that kills you, and nobody will care.

The Wikipedia founder, delivering a keynote address at the Internet Society’s INET convention in Geneva, predicted that Hollywood will likely share the same fate as Encyclopedia Britannica, which shut down its print operation this year after selling just 3,000 copies last year.

‘Hollywood will be destroyed and no one will notice,’ Wales said. But it won’t be Wikipedia (or Encarta) that kills the moviemaking industry: ‘Collaborative storytelling and filmmaking will do to Hollywood what Wikipedia did to Encyclopedia Britannica,‘ he said.”