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Hollywood took horror by the hair and dragged it on mud. They haven't been able to create any actual 4.5/5 stars quality horror for a LONG time. Yes, there's been a few standouts in different sub genres (Evil Within, Insidious, Sinister, The first Paranormal Activity) which led to some sort of renaissance, but they have a hard time making something shocking/captivating. I blame it on the American Culture and thei industry as whole being very keen of cash grabs and cow milking. Fortunately, it seems like the former mediocrity brought to the "horror" genre (Saw, Paranormal Activity 2-Infinitum, Prom Night, Reboots such as Friday the 13th, etc) are slowly fading away, and the "super hero" genre is thriving with these sort of films that appeal to teenagers and audiences with no patience, audiences that crave special effects and accessible storylines.

Hopefully "IT" and that child murder scene make enough of an impact, to lead horror back into the shocking and innovative genre it used to be.

Meanwhile, I'll keep watching old and new Eastern Asian horror films such as "The Wailing", "Infection", "A Tale of Two Sisters", etc. South Koreans and Japanese directors are much better suited for the genre.