Are you talking about theatrical releases in actual cinemas? Or are you including streaming services?
Streaming services have to keep new content coming so that subscribers don’t leave. They have enough subscribers that not one movies has to be “great” to keep the company profitable. They need to be just good enough that folks won’t cancel. That is a lot lower threshold than being good enough to get people to leave their houses and go to a cinema to see a new movie.
Yes, there are blockbusters going into theaters that are a real risk to produce, but streaming service made originals help the cause of novel content, even if they aren’t that great. The film-makers get paid. The streaming service get new content to keep subscribers. Everybody wins. Who cares if the movies are terrible? They are already paid for by subscribers.
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