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Daniel Parris

Daniel Parris

Entertainment

Entertainment

The Rise and Fall of TV's Golden Age

Daniel Parris
Summary
Nutrition label

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

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