For real, there's an entire Pony MMO produced & ran by fans called
Legends of Equestria and its been running for eight years now. (Hit version 1.0 in 2017) I was a beta tester back in 2013 and it's insane that no official alternative exists outside of farming/town building mobile games.
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As for Gen 5, I enjoyed the Netflix film but I never saw the series. It just wasn't promoted like Gen 4 was.
Hasbro has hit the Star Trek problem. Friendship is magic lasted for 9 years, add on the film & Equestria girls it easily reaches past a decade of consistent content.
For a franchise, if a single entry lasts a decade that's no longer an entry, that's the brand.
It's why Star Trek skill milks ToS & TNG. They were around for the lonest period time, reinforced by Apocrypha merch.
Sure they've started to throw love at VOY with a sequel series (Prodigy, sadly cancelled) and the game.
But DS9 & Enterprise might as well be dead to paramount.
Gen 2, 3 & especially 5 of MLP Feels like its in the same boat-
And don't get me started on how Hasbro treats the Transformers vs Takara Tomy. Or Toei's handling of Sentai vs Hasbro's Power Rangers.
Hasbro sucks