The people in Hollywood are idiots. All this is going to do is spawn a whole new alternative industry. Family friendly filmmakers will launch new companies. Christian's will open their own theaters. And these people will simply stop spending any money on Hollywood products.
Christians can open their own theatres and show their own movies, but they can't take existing copyright works and edit and change them to show in their theatres.
This issue has nothing to do with your distaste for Hollywood or liberals, its about the rule of law.
Remember the rule of law? Everyone here was all for it during the Clinton impeachment, but when its their ox being gored, they want to ignore it.
Family friendly filmmakers will launch new companies. Christian's will open their own theaters. And these people will simply stop spending any money on Hollywood products.
This is already happening to a small degree, though it's extremely difficult to make movies "outside of Hollywood" for a number of reasons.
However, please note, this will not "punish" mainstream Hollywood in any significant way. Hollywood's market is global. The U.S. is not even the largest portion of it.
They're certainly welcome to do so. Why do you think it hasn't happened yet....?