DominicCobb said:

People are really stretching the term "competing."

Well the term itself is stretched in this particular case. There really isn't any kind of actual direct competition between films. Except maybe for the annual film awards. And hypothetically one stealing the profit of the other, but that doesn't really apply since it doesn't take a fortune to just see both. Both of which would then limit the entire thing to films released in the same year.

I assumed it meant a competition in terms of popularity in a given genre among the film fans.