The only thing I can tell you for sure is that LOTR will get remade at some point, and I'm going to hate it. Peter Jackson trilogy 4 lyfe.
You know Hollywood'll screw it up by blowing off the source material. They'll screw it up with odd casting choices meant to fill quotas mandated by studios, actor's/writer's unions, and qualifying requirements for the Academy Awards. They'll screw it up by "casting" a preachy director that hasn't read the books and dislikes the fans. They'll do all this all in he name of "modernizing" another IP, and Jackson's Trilogy is about the last major IP Hollywood has left to remake into the tiresome corporate slop that's plaguing most everything Hollywood remakes, reboots, sequels, prequels, or turns into "live action." Especially with Fantasy series (see below).
Overall Hollywood is in an irrevocable decline. This is due to the Big Tech takeover that's relegating Hollywood to a side hustle, the de-mystifying of celebrities, the "streaming wars" upending Hollywood's longstanding distribution model, film production fleeing Los Angeles, actor's/writer's strikes and AI threatening jobs.
Film was the great art form of the 20th Century. I assumed that Film would always sit at the cultural apex, with Hollywood as the global destination for the highest talents, while its celebrated product made icons of artists of all kinds. So much so, that it still feels weird to be moving on from the Film Era.
For those of us who've celebrated Film, it's time to go back to the older shows and movies we liked. Or in my case trade the screen for books. In that sense Hollywood is competing against itself.
The last point I haven't heard discussed anywhere is whether we're in a time that can foster and raise up new IPs? At the time, audiences were open to adopting and latching onto new stories in film, like Blade Runner (based on Philip Dick novel). I am not sure an equivalent Blade Runner could work today. Audiences are too cynical towards new or riskier material, movies inevitably feel more derivative of previous works, and movies don't stand out as much, either as a cultural apex or as a distinction from other movies/shows which mostly all look the same.
https://twitter.com/J0hnADouglas/status/1975954219732766905