2024 TV Production Declines Amidst Hollywood Strike Aftermath

Luminate’s report reveals a 7 percent drop in TV production in 2024 as Hollywood strikes from 2023 continue to impact output. While cable and streaming networks struggled, broadcast networks saw a 25 percent increase in production, particularly NBC, which launched 32 new titles. This highlights the industry’s ongoing recovery and adaptability following significant disruptions.

In 2024, the shadow of the Hollywood strikes from 2023 lingered, resulting in a 7 percent decline in television production, as reported by Luminate. Cable and streaming services suffered the most from this downturn, while broadcast networks demonstrated remarkable resilience, rapidly revitalizing their production efforts. The repercussions of the SAG-AFTRA and Writers Guild of America strikes predominantly impacted the entire industry, yet the major broadcasters bounced back with vigor.

The major networks, including ABC, CBS, Fox, NBC, and the CW, collectively increased their output by 25 percent, particularly in scripted content and reality shows. NBC led the charge with an impressive 32 new premieres, showcasing a renewed commitment to engaging audiences. This swift revival in broadcast television highlights the industry’s capacity to adapt and thrive, despite recent challenges against the backdrop of the strikes.

In summary, while the 2023 Hollywood strikes significantly disrupted television production, 2024 saw a commendable recovery in broadcast networks. The decline in overall production underscores the impact of industry changes, with cable and streaming services particularly affected. However, major networks’ quick recovery illustrates their resilience and the evolving landscape of television programming.

Original Source: www.imdb.com