This is an excellent article on the state of the games industry, including the line "the industry is competing with its own back catalogue"; which is something I've bleated on about for a while now.
What the industry needs is small, lean studios/solo-devs made up of industry veterans who know their stuff, churning out games on Roblox and Fortnite.
Investors, you know where to find me.
https://georgzoeller.com/blog/posts/the-video-game-industries-very-dark-night/