95% Penetration of AI Short Dramas: Bubble or Reality?

When data from the China Netcasting Services Association shows that approximately 128,000 micro-dramas were launched across the industry in Q1 2026, with AI-generated dramas accounting for over 95% and a projected market size of 24 billion RMB—this number reminds me of the funding news during the peak of AI startup mania in 2017. Every project talked about 'disruption,' but most didn't survive two years. So, is the 95% share of AI short dramas a technological revolution in the content industry, or just another round of artificially inflated prosperity fueled by capital?