China.
Foreign markets are now a significant chunk of the big studios' movie profits. If the story isn't super direct and generic, it won't work in translation, and that will cost money.
[0]: https://variety.com/2022/film/news/foreign-titles-squeezed-i...
Additionally, the Chinese censors will cut off all movies from a studio if that studio produces anything that goes against the party. Disney was blocked between 1996 and 1998 for producing a movie about Tibet. A movie that was never intended for the Chinese market at all, but one that went against the party narrative.
So, studios have decided not to risk it.
If it's true, the implications for art are pretty worrisome in a globalized marketplace.
That said, I dont have a ready source for this but I definitely have read it before somewhere.
Definitely not at this point. There was a point it looked likely five years ago, but US box office is holding up better than expected, and the Chinese government increasingly block release of the vast majority of US films.
Hollywood doesn't make film for Americans any more than the baubles at tourist traps give insight into local life.
https://www.reddit.com/r/movies/comments/gbjt9t/mad_max_in_f...
Foreign movies are generally much less formulaic than American ones. It doesn't make sense to say that good American movies are not translatable.