A structural read on what mid-2026 data already confirms, and what it means for studios greenlit in the 2022 to 2024 window.
The revenue is record-breaking. The funding has collapsed. The supply has surged past the point of saturation. All three are simultaneously true.
The studios that survive the next eighteen months won't be the ones that raised the most in 2021. They'll be the ones that understood this shape early enough to build for it.
The gap was never access to the data. It was whether anyone read it before greenlighting. Read in order.