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As you say, remakes and sequels have been a staple of Hollywood from the very beginning. But at least through the 1970s, filmmaking was still dominated by people who wanted to make great films. Things began to change in the '80s when all the major studios were bought out by corporations, and movies were seen as less of an art form and more of a product -- just another brand of shampoo or soda.
I don't know that it is any more prevalent now than it ever has been. It's just that with DVD, the internet, etc., we notice it a lot more. Consider:
THE TEN COMMANDMENTS (remake)
A FISTFUL OF DOLLARS (remake)
THE MAGNIFICENT SEVEN (remake)
AN AFFAIR TO REMEMBER (remake)
THE CHAMP (remake)
FATAL ATTRACTION (remake)
OUTLAND (remake)
THE MAN WHO KNEW TOO MUCH (in which Alfred Hitchcock remade a film by ... Alfred Hitchcock)
And if you go back and look at the "classic" westerns and horror films from the '30s to the '50s, you'll find more remakes than you can shake a stick at. Even the great John Ford did remakes.
And when it comes to sequels, those have been around since at least the '40s as well.
This is nothing new. We just notice it more.
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