The variety of scripted tv collection within the United States declined by 14% in 2023, FX community chief John Landgraf stated on Friday, after a decade-long explosion of exhibits fueled by the streaming TV wars.

The chairman of FX Content and Productions coined the time period “peak TV” as he tallied the rise of programming when conventional media firms began chasing Netflix Inc in 2013. Landgraf stated on Friday it may now be known as “peaked TV.” FX analysis counted 516 authentic scripted collection final 12 months, down from 600 in 2022. Hollywood’s strikes final 12 months contributed to the drop, Landgraf stated, however added that he believed the discount seemingly was below approach even earlier than the work stoppages.

“I finally predicted correctly, after a number of sincere but premature guesses, that we had started to see a decline,” he stated at a Television Critics Association occasion. FX is a unit of Walt Disney.

Disney, Netflix and different firms have canceled exhibits and lowered budgets to satisfy investor calls for for income, resulting in predictions of a serious contraction in Hollywood. Since 2012, the one different dip within the variety of scripted exhibits got here in the course of the pandemic 12 months of 2020, when 493 have been launched.

Last 12 months’s downturn has accelerated in the beginning of 2024, Landgraf stated. Scripted programming within the first 5 weeks of the 12 months has fallen 31% in comparison with the identical interval in 2023. While that represents a brief window, and should have been impacted by the strikes, Landgraf stated he believed it was “directionally accurate” in what he anticipated for the remainder of the 12 months.

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