Is Hollywood a place name?

Hollywood, originally a concept of place names, is located in the northwest suburb of Los Angeles, California, with about 300,000 residents. However, due to the developed local entertainment industry, the word "Hollywood" is often directly used to refer to the film industry in Southern California. However, the distribution of film studios has already surpassed the corner of Hollywood, and Hollywood and its surrounding cities such as burbank have become the center of American film and television industry.