I'm sure that it will happen at some point.
Hollywood hasn't always been the epicenter of the entertainment industry.

Atlanta and Albuquerque/Santa Fe are growing hubs, but I don't think they'll ever surpass LA.

New York/New Jersey

Hollywood is not going to be unseated in the USA. The companies are there, the agents are there, most of the talent lives there.

I'm not sure there's enough desire for legitimate cinema for this to ever happen, but I wouldn't mind it as long as it didn't happen in a city as bereft of taste as Austin. I'd much rather see more productions shifted to Chicago and the Tri state area (would never happen in the former at this point). Atlanta has built up their own industry, but they'll never have the economies of scale to come close to Hollywood/LA now or at its peak.

Realistically what's likely to happen is LA maintains its standing, but more and more of the best talents - from actors to directors to writers to producers to DPs - are sourced internationally. Most Americans don't receive any sort of arts education at this point, and among those who do, more and more of them will opt to work in the games industry, create content (Sucks, but this is where the most freedom is. Better make your money before you're 30 though, or else the lowest common denominator will forget you exist.), or make music. A small minority will write, but that's all: the publishing industry is too blandly conservative and condescending to ever have non-genre/nonfiction/memoir bestsellers now and going forward.

One last thing thinking more, I've forgotten that tons of younger filmmakers are most interested in creating documentaries, ads, or other promotional videos. This can and will be done basically anywhere, though the latter two tend to funnel you into either NY or LA.

Snook

Good God you're so pretentious.

It would take a lot more infrastructure than you think: large studios to shoot big scenes; multiple smaller studios; warehouses to store props, costumes lights, etc.; outdoor areas for outdoor shots.
Then you need people living nearby for writing, acting, lighting, electrical, makeup, hair, costumes, and executives.
Also good weather so that outside shots can be made almost year round without losing money to reschedule. Hollywood also has close access to many types of backgrounds: mountains, oceans, plains, desert, city, farm.

It's possible but it would take a huge investment to make it happen. And not many other places would have those last two qualities.

Here's a aerial shot of the Warner Bros studio. Why rebuild all of this?

That's a compliment nowadays. Wasn't 30 years ago, maybe. It's always interesting that those like you never really have any sort of rebuttal, either. Oh well.

Indeed. I, too, find these types of comments shallow and pedantic.

Carry on good sir.

Anywhere that isn't Hollywood is really just a place for Hollywood production companies to go to in order to get tax breaks.

Quad Dog said:

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It would take a lot more infrastructure than you think: large studios to shoot big scenes; multiple smaller studios; warehouses to store props, costumes lights, etc.; outdoor areas for outdoor shots.
Then you need people living nearby for writing, acting, lighting, electrical, makeup, hair, costumes, and executives.
Also good weather so that outside shots can be made almost year round without losing money to reschedule. Hollywood also has close access to many types of backgrounds: mountains, oceans, plains, desert, city, farm.

It's possible but it would take a huge investment to make it happen. And not many other places would have those last two qualities.

Here's a aerial shot of the Warner Bros studio. Why rebuild all of this?

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My old house is just out of frame.

As TCTTS pointed out, there are a lot more studios than that.

Even this shot of Warner Bros, doesn't include the Warner Brothers Ranch a mile north on Hollywood Way.

Can't say enough about the people who are required. People who have some specialized skill or no skill at all who are willing to pay through the nose to live in the TMZ or commute in, for the opportunity to get paid a high hourly wage (or residuals for the actors, etc.) for those few days when they actually work.

There are a high number of people living in LA who live in a crappy $1500/month 1bdr apartment in the bad part of town who are hoping to make it while being supported by money from home or whatever.

Because of all the freedoms/lawlessness in LA, I don't think these people are going to go anywhere else.
Of course in a post-Covid world, things are different. From my perspective, the whole place is pretty much dead but, I'm sure it will rally back even as prices go higher for everything.

Most of the creative types who are needed and willing to take these jobs aren't going to go live in Neom, Saudi Arabia because of all the things the Saudis won't let you do that you can freely do in LA.

Bottom Line - it's not just the infrastructure, it's the people too.

The same was said about the steel and electronics industries. As government pushed the cost of living in America through the roof, those industries move out of the country for greener pastures. Hollywood isn't immune to economics. If things keep going as they have been, they will move out of California and eventually the country altogether. It's just a matter of time.