Nostalgia does affect the judgment of many people though. I think movies and TV today are far better than 30 years ago. When I rewatch a movie or TV show that I enjoyed from my childhood (1980s/90s) I cringe at how terrible they are... not just special effects but dialog.
Mainstream horror, specifically, was dominated for too long in America by franchise characters... Freddy, Jason, Pinhead, Pumpkinhead, etc. I loved those movies growing up. I saw every Nightmare on Elm Street and Friday the 13th that I could in theaters when my older sister would take me. But now I see that those movies are terrible for the most part (only the very first of each series is good). I rewatched The Omen and found it boring. I rewatched Poltergeist and spent the whole movie mostly amazed that the dad ended up on Parenthood (a TV show I watch).
Part of it is that horror movies are never as good the 2nd time (for me anyway), but I'm still pretty sure that modern horror movies are more meaningful, more relatable, better acted, and just more varied and interesting.
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