What They Say
Bloomberg reported that ‘The Age of peak TV is ending’ as mid-level film plans are being shelved and budgets for content are shrinking by up to 30%. Networks are ‘slowing the flow’ and the service reported an agent as saying
“The days of the drunken sailor spending are gone. I’ve never seen so many shows canceled and returned.”
The article said that
“Apple is just about the only place that can still spend like money grows on trees”.
What We Think
It’s not long since a content creator said to me “Netflix will commission anything”. The chill winds of reality are blowing. I just hope that there is not too big an impact on the plans to build up virtual production facilities. I don’t think they will be affected as they can save logistics and other costs, but the investments needed are big and less content being created means less cash for gear. (BR)
