The Show's Over: Is Hollywood Moving Past Peak-TV?
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It's the best of times and worst of times in Hollywood. On one hand, the Writer's Guild of America strike ended after a 148-day work stoppage, with the writers scoring some major wins. Those include minimum staffing requirements for TV writers rooms, boosted pay, and success-based residuals for streaming programming -- despite studio executives' vows they'd never concede on some of those points when the strike began in May. With the Screen Actors Guild strike widely expected to end sooner than later, the industry is one major step closer to returning to sets and soundstages.
On the other hand, a spate of high-profile TV cancellations -- including HBO's Winning Time: The Rise of the Lakers Dynasty and Perry Mason, Hulu's How I Met Your Father, Amazon's A League of Their Own reboot, and NBC's Young Rock -- may portend what's to come: a seismic slowdown in production following a boomtime era in which studios spent billions, green-lit projects indiscriminately, and filmed constantly to create streaming platforms with a gushing pipeline of content to satiate viewer's endless attention appetites.
Source Fool.com
