Damn, I wish my daddy was a multi-billionaire and fund my hobbies with 8 figures.

>So what's core to all this (IMHO) is... housing.

The Backrooms and Obsession were made by youtubers with shoestring budgets.

The core is Hollywood hasn't made any new innovative and memorable IPs to convince people to spend money watching them in over a decade. People aren't gonna go to the cinema to watch a crappy new sequel/reboot of the Terminator or the Matrix when they can watch the better originals they already have at home on DVD for free as many times they want.

>the industry has become dominated by nepo babies

More like it's been dominated by accountants and nepo-babies cosplaying as socialist political activists to score brownie points with the public but with zero talent to create something good worth watching. "Evil cannot create anything new it can only corrupt and ruin what good forces have invented or made"