Insurrection obviously hurt the movie series. It followed the previous film, a hit, by increasing the budget and decreasing the box office. This led Paramount to budget Nemesis at ten million less than Insurrection (the first time since The Wrath of Khan that an installment in the franchise cost less than its predecessor).
Still, Nemesis was made, so Insurrection obviously didn't kill
the TNG movie series. Nemesis did that. Clearly, they wanted to make another movie -- the tagline, after all, was "A Generation's Final Journey Begins
" -- but neither the box office nor the reviews warranted another movie. And that was that.