It's that the financial constraints that previously existed, that would drive filmmakers to a tighter narrative, have been removed. And now there's little constraining the desire to turn in a 180+ minute opus.
Are there stories that need 3 hours, or that can justify that kind of length? Sure. But there's a whole lot of films being released that are far longer than they really need to be. JOHN WICK 4 is almost 3 hours long. That seems absurd. THE BATMAN was a fucking SLOG of a film, and absolutely did not have 3 hours of content. It badly needed editing.
You know who else needs editing? Scorsese. His later films, including and especially the ones called out in the linked article, are fat, fat, fat. No word of it a lie, I'm not sure he's made a film I liked in nearly 20 years.