I would say definitely.
There's been a few films I have enjoyed in recent years, but nothing to a degree of older films from Hollywood.
I think it's a sign of the times. As with TV, music etc... films are increasingly being made with clear emphasis on "selling", rather than being creatively good. They just want to get as many bums on seats and sell as many DVRAB as possible, and to do this they need to make films flashy with loaRAB of pointless effects and spend millions on red-herring advertising to make people go watch the films.
All we're getting is remakes, sequels, prequels, books converted into films or clones of other films with different actors and different titles. It's getting boring.
I have been looking into more independent, lower budget sources recently. Films without excess of special effects to hide the poor narrative are the best.