By The age of Peak TV seems to definitely be over going by a new study from research firm Ampere Analysis.
The firm has revealed that, thanks to a combination of the strikes and the various reductions in content spending by the studios and streamers, scripted TV output in the United States dropped sharply last year.
The total number of scripted seasons of series released last year was 481, down 24% from the 633 total reached in both 2021 and 2022 which appear to have been the crest of the wave.
The number isn’t expect to rise in 2024 either. The decline comes from 77 fewer new seasons on SVOD platforms and 55 fewer new seasons on broadcast TV.
Orders for new seasons are even more down with just 418 in 2023 compared to 661 – a drop of nearly 37%. Though 2024 is expected to see more content being ordered than last year, many of those titles won’t be released until 2025.
Netflix lost the most in 2023 with 39 fewer titles making it out, beating NBCUniversal’s Peacock which lost 20 titles. Coming in behind them were Hulu (11), Max (9) and Paramount (4).
Amazon Prime Video, Apple TV+ and Disney+ maintained steady numbers of series.
Source: Variety
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