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At this point, I just don't see it happening. I have a prediction that another country will step up and start pumping out movies that are better than in Hollywood. Or maybe another country will start financing good movies. Or AI will turn things around in Hollywood.
I get where you are coming from but I think, yes, the western world will start making good movies again because:
1. People are sick of the superficial agendas driving recent filmmaking.
2. There are no countries outside of the western world that have the quality of writing and directing that can take over to consistently create cinematic masterpieces.