The variety of scripted tv sequence within the United States declined by 14 per cent in 2023, FX community chief John Landgraf stated, after a decade-long explosion of reveals fuelled by the streaming TV wars.
The chairman of FX Content and Productions coined the time period “peak TV” as he tallied the rise of programming when conventional media corporations began chasing Netflix in 2013.
Landgraf stated on Friday it may now be referred to as “peaked TV.” FX analysis counted 516 authentic scripted sequence final 12 months, down from 600 in 2022. Hollywood’s strikes final 12 months contributed to the drop, Landgraf stated, however added that he believed the discount doubtless was underway even earlier than the work stoppages.
“I finally predicted correctly, after a number of sincere but premature guesses, that we had started to see a decline,” he stated at a Television Critics Association occasion.
FX is a unit of Walt Disney.
Disney, Netflix and different corporations have cancelled reveals and lowered budgets to satisfy investor calls for for earnings, resulting in predictions of a serious contraction in Hollywood.
Since 2012, the one different dip within the variety of scripted reveals got here in the course of the pandemic 12 months of 2020, when 493 have been launched.
Last 12 months’s downturn has accelerated initially of 2024, Landgraf stated. Scripted programming within the first 5 weeks of the 12 months has fallen 31 per cent in comparison with the identical interval in 2023.
While that represents a brief window and will have been impacted by the strikes, Landgraf stated he believed it was “directionally accurate” in what he anticipated for the remainder of the 12 months.
