No, they're mostly plotless, capeshit, superhero garbage flicks that pander to international audiences. To be clear though, 1930s movies are also bad. But the golden era was not the last decade.
To be fair those cheap entertainment sources are only known to you because of advertising departments more populated than many small countries. Art still exists, but you are looking at old established media just doing their thing.
Oh, there have been lots of great indie films, to be sure. Most of them made outside of America. The majority of Hollywood is garbage though.