Louis CK can only "Kill Hollywood" because he's already a product of the system. He had a popular TV show on a popular TV channel before starting his experiment.
The problem that "Hollywood" solves isn't simply financing and distribution, it's letting lots and lots of people know that your product exists and convincing them that they really really want to pay lots of money to see it.
The problem that "Hollywood" solves isn't simply financing and distribution, it's letting lots and lots of people know that your product exists and convincing them that they really really want to pay lots of money to see it.