Television facts of the day

There were 496 scripted TV shows made in the US last year, more than double the 216 series released in 2010. In the past eight years the number of shows grew by 129 per cent, while the US population rose only 6 per cent. The trend is set to deepen, as groups like AT&T’s WarnerMedia commission dozens of new series to convince people to sign up for their streaming services.

…In the span of about six months, Disney, Apple, AT&T and Comcast are launching new streaming services, asking people to pay nothing for some services or up to $15 a month to watch their libraries of films and shows.

Here is more from Anna Nicolaou and Alex Barker at the FT.  Yes, you might be tempted to short this sector and perhaps I am too.  Still, another possible part of the equilibrium adjustment is simply that the market swallows the content and factor prices fall, a’la music streaming.  That would be one way to get all of those costly special effects out of so many movies.


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