This is why copyright should be ~10 years. Most money is made within the first year and it's a steep drop off after.
I think copyright should be much shorter, but I’m not sure it’d be right to have a bunch of knock off Harry Potter books, movies, and merch as soon as 2007.
Tolkien is the counter example. There’s no reason we should be protecting his work still today, 50 years after his death. They should be public domain by now.
For the record, were did you get the idea that most money is made within the first year? Sure, for the biggest stars this might be true. But lots of "middle-tier" creators depend on royalties from copyright works early in their career to sustain them their whole life.