I think Brad Pitt has the potential for this as well. Think of his roles in films like True Romance and 12 Monkeys. I think the trend of physical performance is something that we now associate with the theatre. It has to do with projecting to the back of the theatre. Styles of film acting have changed and become increasingly subtle. I would suggest this has a lot to do with a) Method acting and b) actors that didn't develop their skills in theatre but rather directly in film.
Out expectations as an audience, especially in dramas, is restrained acting. This is especially true of lead actors. I would suggest, however, that the physical style of acting is still alive and well in supporting roles (in fact both Brad Pitt roles I suggested above were supporting roles). Our expectation from the supporting cast is that they bring colour to the story. The supporting characters can be a little larger than life than the lead.
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