The calculus has changed because people don't give a flying fuck about celebrities on golden thrones these days, especially since your average YouTuber is more popular. The cost of celebrities in movie spins is fucking massive.

Hollywood has also completely failed to cultivate a new generation of celebrities. God, we had a few years of nothing but Pedro Pascal to the point we have memes inside memes.

And the cost of production has gone way down, you don't need a specialized studio to put in CGI these days when some guys Blender can do better.

So Hollywood is busy being in a downward spiral eating itself while so much room has opened for "indie" to eat their lunch and dinner.