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Not dead, but bastardized. It's as if they only create films just for the sake of being able to release a film, disregarding quality and relevance. Don't get me wrong, there are plenty of quality filipino films for the past years but they are being overshadowed by these mediocre films with one or two well known artists. Also with the rise of kdrama and western movies in the country, I doubt the filipino audience would pick a local film over a foreign one.