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Peak TV Ends as Scripted Series Crash in 2023: Reports
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."
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. 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. 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.
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