I think this can be mostly contributed for the early success of things like Walt Disney's animated feature films as well as the early Merrie Melodies cartoons. Blame it on them and studios consistently beating into the brains of generations that "this is how you tell kids stories", big expressive eyes and saturated colors to keep their attention. To put it more simply...
Sure there have been some who rebelled like Ralph Bakshi but he never really had big box office success with his more adult oriented features. American Pop is an excellent film (which I highly recommend) for example but how are mainstream audiences going to take the guy you brought Fritz the Cat and Cool World to the movie screen seriously?
When you look at other countries (Japan for example) and see that their culture is less influenced by the above mentioned it gave their animation culture room to grow on its own. For instance you can have animations directed at more mature audiences that range in genre from romantic comedy, action, historical pieces to film noir. No one thinks its odd to tell stories this way and they are profitable for companies to keep making. Notice that American companies have picked up films like Princess Mononoke, Steam Boy and Paprika.
Its much cheaper to hire "sweat shop" animators from outside the U.S.



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