Yeah, it's. Dire. The only thing I'm getting into here soon is Honkai Star Rail, and I'm filing that under "too big to fail". Like a bank- oh, maybe a bad comparison.
Unfortunately Tales games going the way of the dodo is more common than not, that one may have lasted awhile but Bamco kills them left and right basically for sport
A lot of the big companies are paring down to just a couple games (or ones that don't depend on live-service - Sony isn't going to bother killing Lemmings Mobile when it doesn't cost them much to operate)
There's still plenty of Live Service hits out there, but I feel like the bottom is starting to drop out fast and there won't be many successful newcomers anymore. Square Enix is a big example as recently covered by James Stephanie Sterlong.