Oh, it's definitely true. While the conservative culture warriors grumble about "Hollweird" it's a forgone conclusion that the movie industry ( as well at the TV industry ) will be just fine. They are a class A embedded part of our culture.
You know what's really funny? GTA is basically just a big part of Hollywood thrown into a blender and reheated. Yet it will cause a huge controversy while its component parts pass through the cultural gatekeepers unmolested. So the culture that inspired GTA will remain precisely the same we'll attempt to ban a specific icon of that culture.
It's almost a cargo cult, really. Remove the evidence that our culture is violent and it won't be.
I sometimes wish I had been reared an a nonviolent culture, but I wasn't. I can't choke down decades of our cultural cocktail and then suddenly switch to tapwater.