That explanation made more sense early on in the woke era, but they've repeatedly ruined and bankrupted so many previously profitable series at this point that I'm not sure I'm convinced the money people actually are risk-averse and care about making money like they should. They just keep giving hundreds of millions of dollars to wokists who piss it away and lose the investors billions, and they've done with like 14 or 15 major franchises at this point.

If they only did it to a handful and then the woke era collapse once the investors realized their money was being wasted, I might buy it. But they've gotten away with it too many times for too long for me to be entirely convinced that's a major factor. For some reason, the money people and investors just keep letting them do it, even with a provable track record of failure.

And we know that in the past, a movie or show that lost money, even if it was popular, was enough to shut it down fast. Dredd is a cult classic but didn't get a sequel because it didn't make enough money. The infamous Firefly was also popular, but just not popular enough overall to make enough money to get renewed. There are hundreds of examples of shows and movies and even games where they might have been legitimately good and had a fanbase, but the beancounters decided to cut their loses and cancel it because it didn't make enough money. It might have even been somewhat profitable, but if it wasn't profitable enough, it got shitcanned.

And then in the woke era, they suddenly keep underwriting dozens of sequels and spinoffs and reimaginings that all actually lose hundreds of millions, but they keep getting made. Something changed.