An industry that seems to have concluded that its best hope is to
dramatize the comic-strip literature of an earlier and more vigorous
era is one whose fevers have finally destroyed its nerve. With rare
exceptions the pictures coming out of Hollywood today are the last
resorts of the gutless.
— Larry McMurtry, foreward to Film Flam: Essays on Hollywood (Simon and Schuster)
This quote is from 1987.
[With thanks to More Than Meets the Mogwai]