We agree on the facts: studios are trimming slates, and 2023 had real flops. But my opponent draws the wrong conclusion from them. Granted, a boom is a demand-side phenomenon. If demand vanished, studios would exit entirely, not just stagger release dates. Yet they're still spending hundreds of millions per film and streamers keep buying. So the syllogism holds: sustained demand plus heavy continued investment equals a boom past its peak, not a finished one. Slate cuts prove cautious accounting, not audience rejection. Show me demand actually gone, and I'll concede.