The "studios",  because they aren't really studios anymore, find it difficult these days to reconcile commerce and art.  On the one hand,  you have  the  Motion Picture Arts and Sciences association tirelessly promoting the artistic accomplishments of the industry around smaller films that do not generate much in the way of revenue. The other hand cranks out formula hits or tired retreads of those formula hits, and films driven solely by special effects of the latest in technology in desperate attempts to sell not only movies, but games, action figures, cereals, linens and whatever ever else can be licensed to bring in more dollars.

Studios really officially died in the 80s with the onslaught of merger/buyout mania that has made Hollywood an empty icon owned by the a few global media giants. Some of these giants are headquartered in New York, Time Warner, General Electric and Viacom. Some are foreign based in London and Tokyo like News Corp and Sony.  The reality is the "studios" are just divisions of these global media giants utilized to promote their other properties. They do it by with stars, franchises and special effects. Stories don't even matter today, unless it is from some independents operating below the radar on minimum budgets.

You would think critics would matter greatly in this setting but the opposite is true. Media giants realize that critics don't make hits, they only serve to limit audiences by noting the flaws, and the mounting expenses of seeing the same film over and over again. The media giants own most of the stations, most of the magazines, a lot of newspapers  and a lot of the internet.  Why  allow anyone to possibly restrict profitability?

I never understood why people would rely on film critics anyway. They rip the movie from wardrobes to backgrounds, something I care very little about. Years ago I would watch Siskel & Ebert for entertainment, not to decide whether to see a movie or not. If they're a dying breed, let 'em go quitely.

The downfall of reviewer's relevance started when two-bit reviewers were willing to sell a "good review " for celebrity access.

I still read reviews just to get a synopsis of a movie to help decide if it's something I want to see.