Not just that. There used to be a time when producers took risks. They were the ultimate arbiter if something got made or not, and they would sometimes gamble it all on a total roll of the dice, but because of it we got multiple generation defining films (like the Godfather or Star Wars to name a few).

Now companies like movie studios are massive and the power is no longer consolidated like that, and a board is much less keen on taking a gamble, so they take safer risks. How do they know what’s safe? Well there are all these statistics that they’ve paid for, and those statistics have told them:

Previously existing IPs have a guaranteed audience.

So they just keep rehashing the same thing because its a “guarantee.” While I may not like the new DIsney movies, and think that Lion King (2019) is a fucking abomination, it is a) the highest grossing animated film of all time, b) the 7th highest grossing FILM of all time, and c) has a bigger box office than the original lion king by almost double.