Water-cooler conversations still happen from time to time. Movie topics we can all point to and discuss and joke about are fully accessible, especially with streaming. (The Nomadland poop bucket, etc.) But Oscar conversations aside, the big movies and conversational jizz-wads that everyone talks about tend to be dumber, coarser, less interesting.
Plus features and major longforms are so much more more plentiful these days than 15 or 20 years ago (or even 5 or 10), and your middle-class, adult-angled films are gone, and the films that manage to capture brief attention spans across the board don’t last as long in the shared consciousness pool as they used to, and so the whole thing is…well, it’s just fucked up.