In a bit of positive news for those who follow film and TV production trends, Netflix executives said Tuesday that the streaming giant plans to increase its cash content spending by about $1 billion annually ($17 billion to $18 billion) this year. He said that. We added 19 million subscribers every quarter, bringing our global membership to a record 302 million.
But since the peak TV era ends in 2022, Netflix has become an increasingly outlier in a Hollywood ecosystem where the gulf between the haves and have-nots has widened. And a new study tallied up all the episodes produced last year and found that: , this number is much lower than just two years ago, before spending cuts and the 2023 writer-actor strike.
According to a new report from data provider Luminate, the total number of episodes of TV content will rise from around 16,012 episodes in 2022 to 13,300 in 2023 and 11,069 last year. It is said that the number has decreased. Hollywood Reporter. When looking at total TV production hours, that number dropped from 14,958 hours in 2022 to 10,405 hours last year. (Click here for the full report.)
Luminate 2024 Year End Movie & TV Report
Most of the streaming platforms tracked by the Luminate report had fewer U.S.-produced TV premieres in 2024 than the previous year. The exception, of course, is Netflix, which had 146 premieres last year and 140 in 2023. Peacock increased its premieres from 25 to 36 last year. and Prime Video (39 in 2023 to 42 in 2024). Notably, Disney+ will see its number of premieres increase from 25 in 2023 to 2024 as Disney pushes for larger bundles with Hulu and ESPN+, as predicted by CEO Bob Iger. It cut back on its original service last year, down to just nine.
Luminate 2024 Year End Movie & TV Report
Meanwhile, studios are backing away from flooding the zone with streaming releases in favor of trying to gain scale through targeted bundles (like Max’s combination with Disney+ or Hulu), in favor of studios moving away from flooding the zone with blockbuster theatrical releases. The amount of screens has increased slightly over the last year. And that’s despite the 2023 strike causing some major films to be postponed from 2024 to 2025. Approximately 121 films from major studios will be sent to theaters in 2024, up from 113 the previous year.
Luminate 2024 Year End Movie & TV Report
The number of movies debuting exclusively on streaming fell last year, even as studios pushed more productions to streaming. Approximately 296 movies were removed from major streamers in 2023, but last year that number dropped to 264.
Luminate’s snapshot provides a broader perspective from the quarterly updates that permitting office FilmLA provides on the status of production in Los Angeles County. The total number of film, TV, and commercial days in LA decreased from 36,792 days in 2022 to 23,480 days in 2024. And nationally, production fell 35% in the third quarter of last year, according to the latest ProdPro tally in October. Compared to 2022.
According to a Jan. 15 report from FilmLA, overall production in Los Angeles was about 5 percent below total production in 2023, which was affected by the strike.
