[corbulo]

That reality check is nowhere in sight. The games industry beats the TV+Movies industry combined in annual revenue.

IMO the real underlying issue is publishers being far too overbearing on the dev studios. There's plenty of industries where you'll really never hear of the parent company unless you actively look for who owns what. Which reflects a much greater degree of autonomy (do what you want, but meet the bottom line for our investors).

It doesn't appear that game studios today acquired by big publishers have ANY autonomy, which is why they get tanked with high frequency. If you were to do an E3 today (setting aside the political dimensions) the publishers are so self-unaware they'll smother every studio with their brand. It'll be one big microsoft booth vs one big sony booth. Totally idiotic.