At the same time, I'm wondering how prominent of a trend it is. There have been a few recent examples of big budget movies that have made use of high saturation bright colors: the 2 Wicked movies, Project Hail Mary's key scenes, the Avatar movies, Barbie, the Spider Man movies, etc.
Obviously kids movies and animated movies have always been colorful, but we're also in an era where many studios are competing for kid eyeballs: Disney/Pixar of course, but also Sony (Kpop Demon Hunters, Hotel Transylvania, Spiderverse), Dreamworks (the Shrek universe, Kung Fu Panda, How to Train Your Dragon, Wild Robot), Illumination (Minions/Despicable Me Franchise, Mario, Sing), Paramount (Sonic, Paw Patrol, Spongebob), and the occasional independent (like Flow coming out of Latvia and winning an Oscar for best animated film). So it seems also that there's plenty of work being done in bright colorful spaces.