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Modern horror has been ruined for the simple fact that they have simply run out of ideas. You can only have so many boogeymen before they become "just another boogeyman" movie. You can only have so many psychological thrillers, slasher films, ghost films, vampires, zombies, etc. before it all becomes yesterdays news. How else do you explain all the remakes and sequels. Not to mention with the "straight-to-video" release being so easy for anyone to do. I mean, there are ads in Fangoria where they are looking for films to put on store shelves from independent movie makers. Back between the 20's and 80's, most of the films had to actually be something worth watching, or they were never noticed or put on any sort of video. Now it's simply no effort involved.
Long story short, large name movie makers have run out of ideas, and the little guys are making movies with no budget hoping to get there name out there so they can get a big name and still have no fresh ideas.
That's my two cents worth.
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