To me, it comes down to a few things:
A) Money
Of course, companies like Disney want to make money, but I’m more alluding to greed. Companies, in any industry, are pushing more and more product while the quality continues to slip. The quality-over-quantity issue is real, and it feels like studios are rushing to capitalize on the success of previous hits. Just look at the comic superhero fatigue. They made a ton of money on those movies, but at this point, they’re just flinging them out like a guy sitting at a strip club rail, tossing out dollar bills. It’s a money grab at this point.
B) Hollywood is out of ideas
Pretty self-explanatory. This has been happening for a while now. Reboots and remakes are taking over because original concepts are getting rarer. The entertainment industry has cornered itself with saturation and run out of ideas. That’s why everything under the sun is getting rebooted (though I’m still waiting for my ThunderCats movie lol). Some of these reboots suck, and some aren't bad. The Lion King (1994) is in my list of all-time favorites. I watched the 2019 remake, and while it wasn’t bad, it lacked the pizazz of the original. It stuck fairly close to the story but leaned too heavily on CGI and took out all those fantastic one-liners.
C) Lack of box-office interest
Do people even care about going to the theater anymore? I feel like all these streaming services have kind of ruined that appeal. Streaming has definitely changed the game. People are more likely to wait for things to hit streaming rather than shell out for tickets, especially with the current prices. If a movie doesn't appeal enough to get people to leave the house, they’ll just wait until some streaming service snatches it up. I remember being a kid, and movies were huge. We all anticipated the big summer blockbuster, and when it dropped, it was the first thing on our weekend agenda. That just doesn’t feel like a thing anymore, especially after Covid.