TV's 'Golden Age' Coming To An End?

Quote :

With too many shows chasing too few viewers, say industry executives, most original programs lose money and half the shows now running probably will disappear by next year.

“The market is flooded with too many people chasing the same prize,” said Jeff Wachtel, president of NBCUniversal’s cable unit, which includes the USA and Syfy channels. “What used to be the golden age of television has now become a gold rush.”

 In 2000, 10 percent of original series were canceled. Today, more than half are not picked up for another season, says Liam Boluk, a media strategy consultant at the media newsletter REDEF.
AMC, home of cable TV’s most popular show “The Walking Dead,” canceled cop drama “Low Winter Sun” in 2013 after one season. TNT’s “Mob City,” written and directed by “Walking Dead” creator Frank Darabont, was also not renewed for a second season. FX Networks recently canceled the comedy “Legit” after two seasons.

“Original programming has never been more important for TV networks, but it’s also more costly and failure-prone than at any time in television’s history,” Boluk said.

http://www.bloomberg.com/news/articles/2015-05-28/tv-s-golden-age-won-t-last-because-you-re-not-watching-enough

Meanwhile, Netflix is expected to increase its price for all users by 2016:

Quote :

Netflix has increased the price of its most popular plan, shifting the price up by 50p per month for new subscribers.

"As a thank you for being a member of Netflix already, your current pricing will remain in effect and we guarantee your price will not change until May 2016."

While its shares fell by 26% last year:

Quote :

Netflix reported earnings that were in line with Wall Street estimates, but shares plunged more than 25 percent as subscriber growth figures came in lower than expected.

http://www.cnbc.com/2014/10/15/netflix-shares-down-26-as-subscribers-disappoint.html

Netflix told its users about a price hike since last year. It's also just a $1 price hike from 7.99 to 8.99.

yonny616 wrote:

Netflix told its users about a price hike since last year. It's also just a $1 price hike from 7.99 to 8.99.

It's more depressing how original shows get cancelled so frequently, though.

RamboOnRedBull wrote:

yonny616 wrote:

Netflix told its users about a price hike since last year. It's also just a $1 price hike from 7.99 to 8.99.

It's more depressing how original shows get cancelled so frequently, though.

That's the name of the game on TV. Especially now a days. Networks want their show to be hits fast, they don't usually allow audiences to grow. It's the reason Hannibal fans should feel extremely lucky, and grateful, the show got 3 seasons since the average viewing audience kept going down each season.

Oh, I'm grateful alright. Especially how this season ended. It's like the creators knew that this was going to be cancelled, so they made this the season finale the whole time. So it's not like all those other TV shows that get cancelled and doesn't get the chance to tie up the loose ends. Hannibal ends with a great closure, while also leaving it open for a season four.

yonny616 wrote:

RamboOnRedBull wrote:

yonny616 wrote:

Netflix told its users about a price hike since last year. It's also just a $1 price hike from 7.99 to 8.99.

It's more depressing how original shows get cancelled so frequently, though.

That's the name of the game on TV. Especially now a days. Networks want their show to be hits fast, they don't usually allow audiences to grow. It's the reason Hannibal fans should feel extremely lucky, and grateful, the show got 3 seasons since the average viewing audience kept going down each season.

They kind of need their shows to be hits fast when the cost and competition has increased so rapidly over the past few years.

Some companies try to revive older shows, though, but I have no clue whether that ever pays off or not?

RamboOnRedBull wrote:

yonny616 wrote:

RamboOnRedBull wrote:

yonny616 wrote:

Netflix told its users about a price hike since last year. It's also just a $1 price hike from 7.99 to 8.99.

It's more depressing how original shows get cancelled so frequently, though.

That's the name of the game on TV. Especially now a days. Networks want their show to be hits fast, they don't usually allow audiences to grow. It's the reason Hannibal fans should feel extremely lucky, and grateful, the show got 3 seasons since the average viewing audience kept going down each season.

They kind of need their shows to be hits fast when the cost and competition has increased so rapidly over the past few years.

Some companies try to revive older shows, though, but I have no clue whether that ever pays off or not?

Yes, but sometimes these shows get screwed because of that. Take Constantine for example - NBC put it in its initial timeslot of Fridays at 10PM because they wanted the Grimm audience to latch onto it as well which hopefully meant a bigger audience.

I don't know if it's payed off either, but I don't think it was ever to the point of what we see now where it's like Hollywood's reboot everything in the 80's phase.

yonny616 wrote:

RamboOnRedBull wrote:

yonny616 wrote:

RamboOnRedBull wrote:

yonny616 wrote:

Netflix told its users about a price hike since last year. It's also just a $1 price hike from 7.99 to 8.99.

It's more depressing how original shows get cancelled so frequently, though.

That's the name of the game on TV. Especially now a days. Networks want their show to be hits fast, they don't usually allow audiences to grow. It's the reason Hannibal fans should feel extremely lucky, and grateful, the show got 3 seasons since the average viewing audience kept going down each season.

They kind of need their shows to be hits fast when the cost and competition has increased so rapidly over the past few years.

Some companies try to revive older shows, though, but I have no clue whether that ever pays off or not?

Yes, but sometimes these shows get screwed because of that. Take Constantine for example - NBC put it in its initial timeslot of Fridays at 10PM because they wanted the Grimm audience to latch onto it as well which hopefully meant a bigger audience.

I don't know if it's payed off either, but I don't think it was ever to the point of what we see now where it's like Hollywood's reboot everything in the 80's phase.

Yeah, that'll be fucked up if they ever pull a 'Hollywood', lol. 

Oh well, we still have Netflix to rely on, so that's something good.