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While every decade or generation has its crappy movies, we are seeing more and more reboots, sequels ect now because the cost of making movies has gone up and the risk of making them has gone up so they want to hedge their bets as much as possible.
There are still plenty of good movies made, maybe not as many epics, but plenty of good stuff to watch.
As long as people turn out to see Transformers or whatever other crap is out there, they will continue to churn it out.
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