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Why does Hollywood feel the need remake foreign films into sub par mediocre americanized versions?

Three examples of films I enjoyed in their original form, and then despised in their Hollywood versions.

    Der Himmel uber Berlin: Probably one of the most beautiful films I have ever seen
    City of Angels: I really have no response, except maybe why?

    Spoorloos: A fantastic psychological thriller.
    The Vanishing: The Hollywood version actually changes the ending. This is an abomination.

    La Femme Nikita: Quoted from imdb, "This, the French La Femme Nikita, directed by Luc Besson, is one of the strangest, most bizarre, yet psychologically truest movies ever made".
    Point of No Return: Again from imdb, "The French would be embarrassed if they saw this remake. Rent the original, trash this one."

Why does Hollywood feel August 7, 2001