Good riddance. It won’t be missed. Very little of Hollywood benefited humanity - it was mostly a tool of the rich and governments to propagandize. It was just an another opiate for masses. It was built on ruthless exploitation of labour and consumers.
This is such a college freshman worldview take, IMO.
Hollywood produced some of the most influential pieces of art of the last century and it permeated global culture in a way only comparable to Renaissance-era Florence. Even if your simplistic take stained by marxist propaganda is true, you shouldn't just casually dismiss the labor of hundreds of thousands of artists and technicians over a century simply because you've become jaded by Marvel slop.