There’s a fascinating situation playing out in China.
- Massive boom in microdrama viewers, to the point where they established their own Hollywood
- AI bros arrived and flooded the market with GenAI made microdramas
- They all looked the same, people stopped watching microdramas
- The market instantly crashed - only 1 in 70 shows are now profitable
- The government is now trying to bail out the sector by paying them to rehire humans to make them