Scheduled App Release Not Working?

I recently worked on a series of app updates, and I found that the 'Automatically release this version after App Review, no earlier than X date' option seems to be broken in App Store Connect.

Automatic release works, and manual release works, but if I set a future date for an app to be released, it just stays in that state until I swap it over to manual release.

The apps have all passed App Review. I have manually set the release dates, and I have also used Fastlane to set some of them. The result is the same either way.

Has anyone else encountered this issue? I recall running into it a few years back. It had been reliable for the last year or so, up until the past few weeks.
Scheduled App Release Not Working?
 
 
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