Studios only putting big money into proven franchises has crowded out the opportunities for more creative blockbusters. That's probably a bit cyclical though, with the big franchises getting very tired, and flopping.
The biggest threat to feature length movies is the creative talent moving to streaming series. The creators get more leeway to be creative, and instant success isn't required.
The other problem with movies now, is that it is all about the opening weekend, and no one is greenlighting a film that might take time to grow an audience.
Movie theaters are also in trouble, and the writer/actor strike could be the final nail in the coffin if they don't resolve it soon. Without movie theaters, the 2 hour feature film format will mostly die off.
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