For this reason budget and revenues of series have increased dramatically and series are more and more produced like movies. This probably created an artistic and talent shift from movies to series.
There were a lot of shitty movies too back in the days but some never even reached the theaters and were only sold on VHS and DVDs.
TV shows have been more a case of you may have missed yesterdays show, but want to see today's show. The format doesn't lend to complex plots because of the limited time to resolve them, and anything long term means people are seeing spoilers. Thus they tend to focus on characters, so you can watch in more or less any order.
Also: There's always been bad movies, we just tend to forget them.
The loss of DVD sales has changed the type of movies that are being created.
Matt Damon himself has explained how Good Will Hunting would not get made today because of this.
It is really simple too if you think of yourself as the investor in the film getting pitched. "Will Hunting, a genius-level IQ but chooses to work as a janitor at MIT. When he solves a difficult graduate-level math problem, his talents are discovered by a professor"
Only an idiot would invest in that in 2024 but we are way past that. I imagine no one would even bother pitching that at all in 2024. Certainly wouldn't get a meeting with anyone.
There was a golden era of film not long ago and that era is gone forever. The Fountain might be the best example though. I love that movie but it lost millions of dollars even at the height of the golden era.
The future is going to be AI Batman vs Superman part 276.