Daniel Parris
•Entertainment
Entertainment
The Rise and Fall of TV's Golden Age
74% Informative
FX CEO John Landgraf coined the term " Peak TV " to describe the rising number of scripted TV series in the US .
From 2009 to 2022 , scripted content production nearly tripled from 210 to 599 series.
The Writers Guild of America ( WGA ) went on strike demanding higher pay, a stable industry-wide compensation model.
Hollywood 's new streaming model began to show initial signs of weakness in 2021 amid rising interest rates and economic uncertainty.
Studios were spending boatloads of money but saw diminishing returns in pursuit of buzz-worthy content.
In 2022 , cable networks spent $ 52B on original content, $ 29B more than streaming counterparts.
Netflix announced plans to introduce a cheaper, ad-supported subscription in early 2023 .
MoviePass, a subscription service that allowed its members to see unlimited movies in theaters for a recurring fee, drastically dropped its monthly price from $50 to $9.95 .
Netflix's current economic model leaves less money for creatives as platforms absorb almost all the upside of hit shows.
VR Score
72
Informative language
69
Neutral language
10
Article tone
informal
Language
English
Language complexity
52
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
medium-lived
External references
14
Source diversity
2
Affiliate links
no affiliate links