Would point out movies are largely a product of their time. For every great film, there is plenty of trash in this history bin. Some folks believe The Three Stooges movies where the height of great movies, others things it is Citizen Kane, others thing Grid House films were wonderful, etc. etc. and that is true even for overseas films.
Now one difference between modern day filming and historical market is cost. It is WAY cheaper to shot, edit and deliver a film then historical as the pipeline has moved to digital. This allows for more low to mid $$ tier films to be made and "made for TV/Streaming" films. Blumhouse features are a great example. Rarely spend over a million and usually double or more their total cost of production. Disney's billion dollar train was great escapism but COVID might have put a delay in that track but as
@FallenAngelina is pointing out, going to streaming services too.
Overtime, for every FF21, Final Destination 9 or Pirates of the Caribbean 6 people love there will be The Green Knight, Moonlight or Soul. Just now, people can make some real money off of familiar names like the old studio system use to but still find a home to make money (break even as rarely do the books of film companies show a profit even if they made one) of the more nuanced films too.