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KEY TAKEAWAYS: Microdramas have evolved from a niche Chinese storytelling format into a $14B global industry, with the U.S. alone projected to account for 50% of all revenue outside China in 2026. Microdrama apps are out-engaging legacy streaming platforms, with ReelShort active users averaging 35.7 minutes of daily viewing, surpassing Netflix (24.8 min), Prime Video (26.9 min), and Disney+ (23...