Sure, the _amount_ of content has grown given the lowered technological barrier for entry and the ease of distribution but content quality isn't some finite resource that is spread out within some limit. If anything, more content means more opportunities for truly great stories to come from corners of the world that might not have previously had that opportunity due to any number of reasons.

Plus, these channels have opened up more categories of film to wider audiences. Big budget, full length films and multi-season tv series aren't the only viable options anymore—some of the most talked about media in my circles over the last couple of years have been limited series. Try dragging a brilliant 8 hour limited series across an entire 23 episode season or trimmed down to a two hour film and it's a completely different story.

Brilliant film makers are still brilliant film makers and the number of studios willing to take a chance and fund them has never been greater. The traditional movie-watching experience is still here, it's just no longer the only option. I don't think declaring the movie business as dead is accurate, it has simply evolved and adapted. But from where I sit, this evolution has just given us more stories and more ways to hear them.

Just because you can distribute a story without a year-long PR blitz doesn't mean you can't tell a good story.