Dustin Hoffman has spent the past 50 years inside the movie business. And, at 77, the Oscar winner is still taking on acting roles and looking for a new project to direct. So when the filmmaker recently took a swipe at his own industry, it was done from a place of love.

While speaking to The Independent, Hoffman reflected on how film and television have flip-flopped quality-wise in recent years.

“I think right now television is the best that it’s ever been and I think that it’s the worst that film has ever been,” Hoffman said. “In the 50 years that I’ve been doing it, it’s the worst.”

Hoffman did not point his finger at today’s filmmakers for destroying the medium as much as he did Hollywood’s 2015 business model, which allocates the big budgets to summer blockbusters and already-established franchises.

“It’s hard to believe you can do good work for the little amount of money these days,” explained Hoffman. “We did The Graduate and that film still sustains, it had a wonderful script that they spent three years on, and an exceptional director with an exceptional cast and crew, but it was a small movie, four walls and actors, that is all, and yet it was 100 days of shooting.” (Just because Hoffman realizes how bad recent films have been does not mean that he has been able to avoid the flops—his latest, The Cobbler starring Adam Sandler, failed to wow critics.)

Just last week, Hollywood veteran Brian Grazer shared some insight into what might be causing this decline in film quality, from a producer’s perspective. While speaking at the Aspen Ideas Festival, Grazer revealed that one of his professional regrets was Cowboys & Aliens, the expensive Daniel Craig and Harrison Ford action movie that underwhelmed critics and barely recovered its budget.

“I don’t like cowboys, or aliens!” Grazer said, according to The Atlantic. “But there were a lot of superstars involved with it—Ron Howard; Steven Spielberg; the director of Iron Man, Jon Favreau.”

“Every once in a while I rationalize quality,” he continued. “There are so many decision[s] you make, and you’re trying to do excellence. We know what excellence is. We know what better food is versus not good food. But there’s a rationalizing process—‘that’s good enough.’ Anytime the light bulb goes ‘that's good enough,’ [the movie is] shitty!”

It sounds as though Grazer is taking accountability for his recent box-office bust. Now if only the rest of Hollywood’s big decision makers could recalibrate their quality-control process . . .