Here's my take, as someone who learned cinematography on 16mm in the same year 4k raw became a thing:
Yes, film hit it's nadir this decade. But things are noticeably on the rise. I've had significantly more conversations with directors and clients where film is seriously considered as an option than any other point in my career.
Personally I own a Helium and an Arri 35mm camera. Does the RED go out way more often? Absolutely.
I make sub-rental income from it and go out as a package rate owner/op all the time.
However, when working with a client who has the budget for a full rate camera rental, I always make the case for film. Sometimes I even luck out and get it. The ~$1500/d camera, aks rental, DIT, hard drives, post workflow et al. can go a long way toward film stock and development. I've never had a director/client come back less than ecstatic about the decision.
Digital has come amazingly far since its inception. I don't believe either have an edge over the other. In the hands of a master they can both make jaw dropping images. In unskilled hands... well...
Kodak will never get back to it's heyday, and they need to accept that. I believe the demand is strong enough to keep their motion picture division afloat, and that demand is only growing.
For a time my wife co-operated a very busy photography business. They started out digital but quickly switched over to a fully film based workflow.
With the multitude of weddings and portraits they were booked up with, it turned out to be far more economical to use film than to pay an assistant to edit all the digital files - or the time investment in doing it themselves! The end result was mostly the same (after all, aren't most photoshop plugins and youtube tutorials searching for the ever elusive "film look"?), but, once mastering the medium, the cost and time input went way down.
For someone just starting their career: resist gear envy. Some of my proudest work was made in less than optimal conditions (I suspect that is true for most folks here). Get the equipment you can afford, and shoot with it every day. Experiment and learn from your results. Also, go buy a $20 film camera from craigslist and practice with that and a box of cheap Kodak Gold 200. Use that to learn to see and interpret light, which is where the real magic is. :D