It reminds me of an old article I read back when oink.cd was shut down, criticizing the music industry: http://www.demonbaby.com/blog/2007/10/when-pigs-fly-death-of...
I don't like labeling the whole SOPA case as "Hollywood vs. Silicon Valley", but in a way Hollywood is like the major record labels. However, I'm not sure it's a dying industry.
This is exactly where entrepreneurs and innovative startups can come in and help those old industries adapt to a not-so-new reality through advertisements, accessibility, convenience, etc.