The document discusses advancements in filmmaking technology, notably 48 frames per second and 3-D technology, exemplified by 'The Hobbit: An Unexpected Journey.' It highlights the industry's shift from celluloid to digital due to financial and accessibility factors, while also addressing the impact of the internet and piracy on independent filmmaking. Key takeaways include the enduring nature of 3-D and the significant influence of cost on Hollywood's future direction.