This, more or less. A couple of additional notes: 1) It's been demonstrated, statistically, that most studio development executives perform worse than random

This, more or less. A couple of additional notes: 1) It's been demonstrated, statistically, that most studio development executives perform worse than random chance at picking hits. 2) In absence of any proven system for picking winners, studios have entered a game of risk mitigation rather than benefit maximization. What does this mean? Fewer gambles on unknown IP, less new IP all around, and so forth -- essentially, fewer chances taken on unknown commodities. More bet-hedging on sequels and reboots, and more rehashing of formulaic content.