The entertainment industry’s programming has been most conservative when control was consolidated by studios and networks. It is least conservative when it is driven by “talent”.
(Daniel Greenfield) – Frontpage Mag) Peak TV, a stunning era during which Big Tech and traditional studios entered into a furious competition to make a bewildering amount of content, is dead. The 559 scripted shows from last year represent a historic hubris that everyone, especially investors, is recovering from.
That was the year that Netflix announced that it was spending $18 billion on content.
In the aftermath, Netflix lost subscribers for the first time and expects to lose millions more as its stock fell 35%. The dot com giant lost, but so did its rivals. Disney+ lost billions, HBO Max is cutting back programming, and so are most others, including the ‘N’ in the FAANG oligarchy.
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