Hollywood is made up of druggies, alkies and narcissists. Back in medieval England they would have been traveling minstrels, rubbing shoulders with kings by performing in front of them but never royal.
Only in modern times have we elevated them to hero worship status (along with people who throw or kick balls around in fields and on courts) although at least the sports heroes actually have some level of physical prowess.
Hollywood is more a statement of how we as the general populace have made them important rather than actually being important.
There is a reason that no one watches the awards shows anymore. Their heyday is over.