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The film industry is alive and well.

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Q: Is it true that the collapse of the film industry is imminent?
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Is the word imminent used only for undesirable events?

No, although it is true that the word 'imminent' is probably most commonly used in relation to unpleasant or undesirable events. The word just means 'about to occur'; 'close in time'; 'likely to happen soon';'impending'. It's perfectly appropriate to use it in other contexts, including happy ones! For example: He waited excitedly for the imminent announcement of the latest lottery winner. She looked forward with enthusiasm to her imminent retirement. The man believed his nomination for 'Employee of the Week' was imminent. The news channel reported that the results of the election were imminent.