In my opinion, that’s just a side effect of the fact that media dragons have changed their business model. Rather than earning profits by making things, they’ve discovered that it’s less risky to earn profit by owning things, and that making things is just an unhappy prerequisite for continuing to hoard them. They’re not only dragons hoarding all the things, they’re very timid dragons hoarding all the things, not willing to step out of their cave to get more gold because it might mean that the gold they bring back won’t be as much as the gold they already have.

That’s why Zaslav is killing off completed movies for a tax break, and that’s why the cost of hosting or producing discs for beloved old properties isn’t worth what they can make off of it, and that’s why they continue to milk old IPs and adaptations even when they’ve gone far past the point where it would make financial sense to just come up with something new. I mean, they really only make something new so that they can own it later.

You’re right about it being a bubble. They’re exactly like landlords, and they’re contributing just as much to society.