Some thoughts on contemporary films

I don't know. But Hollywood of late 1960s and 70s was very disorganized and they were grasping at straws trying to make things work. Francis Ford Coppola's Finian's Rainbow is a good example of trying to mix the new with the old. Not a bad movie, but no one wanted to see musicals by then. 

This disorganization did help a lot of the new up and coming directors, many leftists who could not make the films they wanted under the old system got their chance. Hal Ashby, Robert Atlman, just to name a few, along with the film school brats Scorsese, De Palma, Coppola. There are actually some very groundbreaking films made during this period. Then came along little Steven Spielberg who gave them the formula to get audiences back into those popcorn concession lines.