A Luminate report finds the total number of TV episodes produced in 2024 fell by nearly 5,000 compared to just two years earlier as streaming and broadcast networks curb spending.
In a bit of positive news for those following film and TV production trendlines, Netflix executives said on Tuesday that they’re planning to up their annual cash content spend by about $1 billion this year — from $17 billion to $18 billion — as the streaming giant broke records with 19 million quarterly subscriber adds for a total of 302 million global members.
But, increasingly, Netflix is an anomaly in the Hollywood ecosystem, where the divide between the haves and have-nots has been growing since the Peak TV era ended in 2022. And new research finds that, when tallying up all the episodes produced last year, that figure is far lower than it had been just two years ago, before the spending pullback and the dual writers and actors strikes in 2023.
