He was doing all the right steps to do well buy acquiring studios to fill the void of their lack of exclusives, then he allowed ESG to be injected into everything and screwed the pooch. The lack of a merit based hiring policy would also be a large factor.
Patrick is the same character in both, just for legal reasons they couldn't use the Dangerman names for anything. The Dangerman creator was getting ripped off on the money side of things by the studio so stopped making the show, but Patrick wanted to keep going.