Hi Jared,
Yes, we still cut and splice print stock to view the dailies that they shoot (after it gets processed). So it still comes in and goes out to Film. But dailies are also telecined which means transferred to video so that producers can pop in a tape and 'have a look'.
However everyone uses a digital tool called the AVID to edit. It's basically a non-linear editing tool which allows greater flexibility in making quick changes instead of building reels like back in the old days.
Movies are is still the number one export for the U.S. to the world !
