Submitted 11 months ago by realcaseyrollins@narwhal.city to moviesandtv@lemm.ee
https://www.hollywoodreporter.com/business/business-news/peak-tv-end-reports-1235792738/
New reports show a sharp drop in U.S. commissions last year, with little hope for a rebound in 2024 and Ampere Analysis noting an "internationalization" and "displacement of Hollywood."
https://www.hollywoodreporter.com/business/business-news/peak-tv-end-reports-1235792738/
This is the best summary I could come up with:
A pair of reports this week from data crunchers Ampere Analysis and Luminate — confirm what the industry has known for a while, that the original content boom has fizzled.
Ampere’s report, published Friday and looking at scripted TV seasons being ordered in the U.S., noted that the volume of U.S. series has nearly halved since 2019.
The report blames a “combination of strike action and a downturn in the original content boom” and notes an “even more precipitous decline” in series orders.
Ampere said while broadcast releases have been slowly declining for many years now, the sharp drop last year was largely due to the impact of the strikes and sees some hope for a temporary bounce on the broadcast side as stalled 2023 productions get a mid-season start in January and February, adding to the 2024/2025 fall season.
A counterargument could be that as global streamers gain market share in international territories, they are simply beginning to produce less like U.S. broadcasters and more like local channels — commissioning more homegrown series — in some countries to accommodate national quota regulations.
Some streamers, like Max, have pulled back from international production in the Nordics, Turkey and Central Europe to focus on their more popular U.S. shows.
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HobbitFoot@thelemmy.club 11 months ago
I’m not that surprised. The multi steamer model has died and there is nothing else funding prestige TV.