The success of Mad Men and Breaking Bad on AMC and all those shows on Netflix and Amazon Prime has resulted in this: higher production value TV shows of nine to twelve episodes per season. And that has actually provided a lot of work for the people in Hollywood.
Yep. Game of Thrones is the most popular TV series in the English-speaking world right now. The first six seasons had ten hour-long episodes each costing about $10 million to produce. This resulted in essentially a ten hour movie that cost about the same as a two hour movie and was far more enjoyable in terms of intricate storyline, depth of character development, hidden easter eggs (those little details caught on repeated viewings) and on and on.
And taking it all in over time on a massive HDTV home theater from the comfort of your couch, Hollywood can't compete with this.
Streaming has brought on a renaissance to television right now. It's the best it has ever been as a medium. Theatrical releases can't compete, which is why there are so many mindless comic book movies aimed at teenagers who just want to get away from their homes for a few hours.