Actually, the way to solve the Hollywood problem is to get our congress critters to examine the tax loopholes they use. Any loopholes for the industry should be closed as soon as possible. When the lobbiests come crying, tell them they failed to control their employees and this is the result. They're always whining about tax breaks for the rich? OK, let's start reversing that with THEM.
Actually if you REALLY want to hurt them, push for bills that forces copyrighted material into the public domain after so many years, like say 2 years.