Steven Spielberg's decline as a filmmaker has been sad to witness.
It was, perhaps, inevitable. When he was at the height of his powers, he got no respect from the "important" people, because he was commercially successful. I would have hoped that his success with Schindler's List might have satiated his craving for prestige and respect.
But ever since, his career has evinced a strange set of motivations: chasing even more prestige and respect from the elites (Amistad, Munich); experiments in craft that seem to have no genuine heart, a quality that his earliest films had more than almost anybody else's (AI: Artificial Intelligence, Warhorse, The Terminal); and movies he made for personal reasons (Saving Private Ryan, Catch Me If You Can, Bridge of Spies).
While some of these movies are quite good, not one of them really measures up to what anyone in Generation X thinks of when they think "a Steven Spielberg movie".
(I know that Saving Private Ryan is beloved, but the film is a mess; to be sure, it is a mess with brilliance in it, especially the opening sequence of the Normandy landings, but still very much a mess.)
Now we have Disclosure Day (which I've not seen, and likely will not), and not only is it a dud, it is a clumsy dud. The title alone demonstrates the failure of the film. The title is the climax, and thus a "spoiler".
That's akin to making Jaws with only one shark attack, at the very end of the film.
If Mel Gibson had made The Passion of the Christ exactly as he did, but titled it The Resurrection, that would be the same sort of failure.
Or, in internet meme terms, it's the Surf Dracula problem in feature film form.
When you title your film Disclosure Day, you imply that the named day will happen in the first act, and the rest of the film will deal with the effects of it on whichever characters we follow. When you make that promise to the audience, but deliver instead a two and a half hour chase film that only ends with the disclosure, with no exploration of the consequences of it, you have cheated the audience and confessed that you no longer have the imagination that was once your stock in trade.
Spielberg used to understand how to set audience expectations, and how to deliver on the promises made to the audience. He was the definitive crowd-pleasing director. I think his taking to heart the disdain that the literati have for clarity and popularity poisoned his soul. Which is a shame.