What it really comes down to is risk. In the 90s, studios relied on the dvd release as a second boost to revenue so if a film didn’t do well in theaters it had a back up.
With physical media all but gone the studios can only rely on theater revenue which has to be split with the theater itself.
Because of this, execs are sticking with successful old faithfuls rather than risking money on unprodictable new IP.
It isn’t yourimagination.
What it really comes down to is risk. In the 90s, studios relied on the dvd release as a second boost to revenue so if a film didn’t do well in theaters it had a back up.
With physical media all but gone the studios can only rely on theater revenue which has to be split with the theater itself.
Because of this, execs are sticking with successful old faithfuls rather than risking money on unprodictable new IP.