Lots of it happening at the moment eh. Same sort of stuff as the "death of streaming" article in Variety recently
Profitable niche organisation absorbed by larger venture capitalist wallstreet entity, look for larger profits, slash wage bill and display profit growth for two quarters, appeal dwindles, rack and ruin
That period where interest rates meant money was basically free has fucked up everything now interest rates are back eh
those venture capitalists also tend to load an acquired company up with debt that they can't dig out from under.
streaming is a funny one, hailed as the future but few actually make any money from it. and there are so many streaming services here now, consumers aren't going to pay $15/month each for Netflix, Hulu, Disney+, Paramount+, HBO, Showtime, Amazon Prime, Apple TV, Peacock, etc.