Everyone here is basically right.
1. Hollywood has gotten stale over the past couple of decades and just reuses old stories/tropes.
2. The independent film industry is almost non-existent due to cost now.
3. The Pandemic/Lockdown basically forced people into finding alternatives (streaming etc) and many have stayed there.
4. The movie going experience is not the same anymore because crowd cohesion has been destroyed due to social agendas in films.
The largest one that sealed the fate of Hollywood was the inclusion of D.I.E. (Deadly Insanity of Elves). The social engineers have basically ruined the film experience. They even got the Oscars to go full racial retard. Just to prove that it's not a conspiracy theory I am linking from THEIR own website their standards.
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It is status based not merit. Since movies don't want to skirt the line of being rejected for oscar nomination they OVER diversify (even past the limits mentioned) to the point where you get something that does not represent the country the movie was made in.
If the movie is for a wider audience maybe, but making an English classic with black actor leads (you know what I'm talking about) just smacks of cultural appropriation and is so jarring that no sane person with an IQ over 70 can even watch it.
I find it interesting to watch this dumpster fire. Alienate an entire demographic (white males) and see what happens.. Oh yeah you get complete grid failure like South Africa.
I only wonder which country will pick up the mantle as the new Hollywood since nature abhors a vacuum. I kind of think Shanghai or maybe bollywood. We will see.