Sadly a distinction I never see brought up in the “is it a good or is it a bad” discussion is intellectual quality versus entertainment quality. I always see it simplified to “good movie” and “bad movie”, and sometimes the simplification is with good reason, not all mediums work well for a deeper discussion but then why broach the subject to being with?
Michael Bay movies aren’t making money because they’re asking deep, meaningful questions or because they’re doing a great job re-telling a story from another medium; they’re making money because tons of people, both adults and children, find them entertaining, and that’s a different kind of quality.
Having both types of quality in one game or movie is great, but we don’t always need both. There are plenty of games, such as Broforce, and entire genres of movies, particularly B-grade action movies and plenty of Bollywood movies, that are intellectually dumb but ultimately very entertaining. Those aren’t bad movies and games, just dumb movies and games. Likewise there are plenty that aren’t action-packed thrill-rides of constant entertainment but have the intellectual competence to make you question some random bit of philosophy or reality, for example Eternal Sunshine of the Spotless Mind and Verde Station. Of course, intellectual movies aren’t entirely devoid of entertainment value either, they just sit on a different point on a spectrum that frequently gets ignored.
We could even break this down into more and more aspects of what actually makes a given game or movie “good” (sound design, camera shots, gameplay mechanics, dialogue, choreography, etc), but that would get out of hand pretty quickly. This was a bit of a rant but I do get tired of people trying to talk about complex subjects with no real vocabulary to describe, specifically, what they are talking about (referring to the E3 Coliseum).