Here's where the other side gets it wrong: they'll point to one hit and call the market healthy. But ask a simple yes or no: is the superhero audience still growing, or is it the same fans being sold the same story? The answer is the latter. Rising budgets, shrinking returns, reshoots, and spinoffs nobody asked for. That's not a bubble still inflating. That's a bubble that already popped. So my opponent needs to answer one precise question: name a new superhero franchise from the last three years that succeeded without an existing fanbase.