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these people are so mind-numbingly risk adverse they don't greenlight any new properties and tacitly reheat old ones there will eventually be a whole generation of people who never saw anything new or worthwhile from them
That's just late-capitalism in general. No large companies are innovating anymore. They simply let smaller companies pop up and then either buy it or kill them with legal or market dominance based maneuvers. I mean if all that mattered to you was short term profit, would you take any risks? Easier to destroy than create of that's all you care about.
Adapt or die. Hollywood has chosen the latter. They have chosen poorly.
On the bright side, they are in good company with most of America at this time.