I have to believe Hollywood buys IP assuming they're going to capture the core audience of the IP. So they think they're being smart by completely pivoting and subverting expectations in the adaptation to court a new audience. So they'll get IP audience plus new audience double win. Unfortunately, the IP core audience has certain expectations for the IP and when you abuse those expectations they don't watch it.

Like if you buy rights to the Doom franchise, and then produce a Shakespearean adaptation of the merchant of Venice set on Mars... It might be a great movie, but it's not going to get the Doom fans to watch