Peak TV Will Reach New Heights in 2020
FX CEO John Landgraf coined the term "Peak TV" in 2015 when television networks at the time aired 409 scripted series. In 2019, that number climbed to 532. Landgraf says that number will climb even higher in 2020.
There's a clear instigator driving the proliferation of scripted series: streaming. The rise of streaming services including Netflix (NASDAQ: NFLX); Disney's (NYSE: DIS) Hulu, Disney+, and ESPN+; and Amazon Prime have led to infinite "air time" for networks to fill. Networks are no longer restricted to a block of a few hours every week to air new episodes.
Additionally, streaming tears down the barriers to entry for television networks. Tech companies like Apple and Alphabet's YouTube are now capable of entering the streaming market and have done so. And traditional media companies, some with serious FOMO, are looking to catch up to the competition in 2020 with major investments in content and original series.
Source Fool.com
