CollegeHumour is only really competition for things like Archer, Family Guy and the like. So really only a competition for TV.
There is still a market for Movies, and its a large and thriving market (in the UK movie going is at an all time high.)
You're not going to kill hollywood by stringing together a few gags into a 90minute combo. movie42 is a good example of that.
People want content, and until you can provide content that is on a par, or better than movies, you are pissing in the wind