Yes!!! Everything he says here, yes! This can also be applied to photographic film, not just movies.
“Film is also an art form, and young people who are driven to make films should have access to the tools and materials that were the building blocks of that art form. Would anyone dream of telling young artists to throw away their paints and canvases because iPads are so much easier to carry? Of course not. In the history of motion pictures, only a minuscule percentage of the works comprising our art form was not shot on film. Everything we do in HD is an effort to re-create the look of film. Film, even now, offers a richer visual palette than HD.“
He also warned that film remains the only proven archival medium that can last a least a century without the need to migrate to new media. Scorsese said: “We have to remember that film is still the best and only time-proven way to preserve movies. We have no assurance that digital information will last, but we know that film will, if properly stored and cared for. … This news is a positive step toward preserving film, the art form we love.” -Martin Scorsese
An exerpt from the original article from The Hollywood Reporter by Carolyn Giardina