Like all business the correction will come when the money dries up and the suited sloths at the top are forced to adapt or die. With streaming money still pouring into Hollywood the success of any single show matters less than the viability of the streamers whole ecosystem, since every platform needs to shovel in 500 new shows and 500 new movies every year just to keep the appearance of value for money that attracts new subscribers, while Netflix just yesterday reported 'Suits' (cancelled in 2019) as their most streamed show of summer 2023 and maintains existing subs with old content like Grey’s Anatomy or Seinfeld. Good, tested, content from years ago that people actually watch.

Until the industry starts demanding better shows, and more importantly shows that do more than convince new subscribers to follow their favorite IP in the hope it doesn't get viciously raped by its new owner, the correction won't happen.

The current strikes are only going to supercharge that behaviour too, if allowed to end without significant consumer change, by pushing more people to back catalogues as new series dry up. The only hope is that looming recession, and the prospect of the streamers losing the will/ability to soak up massive losses on the path towards massive subscriber growth, forces Hollywood to change course.