Video games (the much larger industry of the two, by revenue) seems to be closer to understanding this. AAA games dominate advertising and news cycles, but on any best-seller list AAA games are on par with indie and B games (I think they call them AA now?). For every successful $60M PBR-rendered Unreal 5 title there is an equally successful game with low-fidelity graphics but exceptional art direction, story or gameplay.

Western movie studios may discover the same thing soon, with the number of high-budget productions tanking lately.