South Korea developed a widely popular "K-Drama" mini~series industry over decades of iteration, but wages for overworked writers were perpetually pitiful and upside for producers very limited (due to IP & value capture by broadcasters)

Netflix tested the waters licensing existing K-Drama content years prior to Covid then flooded production with much much higher $ to own original IP and make huge returns (NB Squid Games).

Writers & producers are only slightly better off, but their long honed winning formula for creating audience beloved content has been greatly skewed in new directions (i.e. subjectively artistically worse) due to economic dis/incentives.

Modern global tastes, such as for short form slop, are also enshittifying the content.