@Horace said in On the extinction of original blockbuster movies:
Studios are making bigger bets these days, and want lower risk on their returns.
I think this is the main reason. MOvie studio will want something that is proven and are afraid to take chances.
On a somewhat related note (at least it is related to movies), China wanted Sony to remove the Statue of Liberty from the latest Spiderman movie. Sony refused, so Chinese did not allow the movie to be shown in China. For the previous two Spider man movies, 15-20% of revenue for the movie came from China, so it was a pretty big decision to refuse China.
Sony Refuse to Delete Spiderman Scenes