That's the most profitable system. It certainly doesn't produce the most quality. Just like making a tool that lasts a lifetime is not as profitable as making something that breaks. Maybe crowdfunding media content is the way to go for quality but I can certainly understand how public companies make decisions in their search for infinite profits.
How would society prevent companies from producing mediocre content? I don't think society is a useful model here, that is why I asked about producers and consumers. As long as consumers keep consuming mediocre content then there will be producers for this type of content. People vote with their wallets so "society" is at fault and also we as consumers of quality content can't force people to not like mediocre content
