News
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This is to be expected. When there was a ton of free money, studios could go nuts. They got greedy with the idea that every studio should have its own streaming service so they could earn more profits than by just licensing their content to Netflix. They also realized that they needed an exclusive collection to draw people in and keep them subscribed. In order to make that work, even in the free money environment, they grossly underpaid the talent and tech workers who were actually creating the content. By doing so, they could just throw it all against the wall to see what sticks. We did get some very good shows out of it, but also a lot of crap got made.
I think we’re going to see a lot of cancellations and a reduction in new shows, while the studios look to do spin offs or extended series. I also think that they’re going to re-evaluate the profitability of licensing versus owning the whole stack.
Yeah make stuff to sell to a monopoly, genius move.