TV:
The problem with the TV industry is the structure, it's impossible to be innovative and creative without financial backing, and it's impossible to get financial backing unless your show can fund itself - which is why most TV these days revolves around phone-in's and public votes.
The problem is simply that of saturation, in the UK there are, at peak, just 30000 viewers of all the TV channels outside of the top 4. That's a paltry figure when you consider that there are homegrown web sites which generate more traffic.
As a result TV has become cheap. Minor channels pay paltry amounts of money (less than I make in a day) to show re-runs of old stuff, TV programmes have become so devalued that actors aren't even paid for a re-run show on channel 500...
Because of this it's impossible to get a TV show commissioned in the UK these days, and i'm sure there are similar patterns abroad too. Unless you are the BBC which is a law unto itself, the only way to do it is by self-financing.
Film:
The problem here is not a lack of creativity, but a lack of a desire to be creative. If you're going to invest a 6, 7 or 8 figure sum to create a movie you want to know you are getting a financial return. The way to do that is to follow the tried and tested formula.
Hollywood has become very generic and has been for a long time. It still drops the odd gem (Starship Troopers) but it will always be a business before a creative industry (Starship Troopers 2).
There are a number of standardised plotlines that are re-used over and over, and sticking to them and just changing the aesthetics of the film works, because people keep going to see them.
Bollywood isn't much better either, and I dont understand a word of it.
The big problem with films is that Hollywood has got the "polish" so refined, 99% of Independent Films really do look drab when stood next to them because a 4 figure budget really shows next to one produced by a streamlined and efficient movie making machine.
General:
Televisual media has already lost to the internet generation, the industry has to change to cope with it's new, smaller, market share, and right now the industry is doing everything absolutely wrong to correct the problems it's created for itself.