I must take issue with this statement, because it is only true for mainstream Hollywood (with the exception of a few outliers like Christopher Nolan, Jordan Peele, or Denis Villeneuve). Cinema is alive and well outside of this, in the US independent sector, British cinema, and a multitude of non-English language projects. This year alone, I've seen (at the cinema) films as singular, varied, and incisive as The Electrical Life of Louis Wain, The Lost Daughter, Licorice Pizza, Parallel Mothers, The Power of the Dog, Nightmare Alley, Belle, The Souvenir: Part II, The Duke, The Tragedy of Macbeth, Flee, Ali & Ava, Red Rocket, Drive My Car, The Phantom of the Open, The Northman, Elvis, Nope, Mr Malcolm's List, See How They Run, The Worst Person in the World, Playground, and The Innocents (the latter two both from Norway, who are having quite a renaissance in cinema at present). I should probably also mention Everything Everywhere All At Once, which I know everyone else seems to love, but that I didn't much care for. However, it is certainly different and a far cry from mainstream Hollywood. :)