The simple answer is no. Film is what created this industry and art form into what it is today. And with all the signs of film dying out it may look like it but the fact of the matter is that film will always have it's place. In a similar way to painting you can see the evolution of the materials used to create that art. Using acrylic paint does not mean that your painting is any better than a painting with oil paint. It is just different. And like movies that choice is made because of cost or the personal preference of the filmmaker. The way I see it is that without digital their would be a lot less films and a lot less films means a lot less stories. And who wants that? I don't care what you make your film on or what type of camera you used, just make a film.
I will not lie and say that you will see a lot of film in the future of Hollywood but with enough money or power their will always be analog. Directors like Chris Nolan, J.J. Abrams, and Quentin Tarantino have fought through the Hollywood main stream to support film. And even in July banned together with the help of their respected studios to support Kodak in it's effort to continue the production of film stock. Nolan and Tarantino have been behind film since the start of their careers and Abrams is currently shooting Star Wars: Episode VII on 35 mm. Hollywood will and always be a business and it's not a surprise why you will rarely see a movie shot on film in a AMC or Regal. In a way it's sad to see less and less of film but always remember that its out there. And movies will always be made.
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