Don't count Hollywood out: "Inside Out" is a global box office sensation

First came "Barbie," then came Pixar's "Inside Out 2." Between them they represent a devastating 1-2 punch against the idea that family-friendly theatrical blockbusters are dead and that, in a streaming-dominated world, the only thing capable of getting butts in cinema seats is a big-screen spectacle like "Top Gun," "Dune," or (perhaps) "Oppenheimer."

Why it matters: The decline of once-great studios like Paramount should not be taken as a sign of Hollywood's global irrelevance. Inside Out 2 is proof that Hollywood — and only Hollywood — can turn a movie into a must-see global event.