From Mega-Mergers To (More) Union Strife, India To Israel: Ten Storylines Set To Dominate The International Media Biz In 2024
deadline.comThis year is shaping up to be yet another frenetic one in the international media landscape, with change incoming on numerous fronts.
Here, our overseas team breaks down some of the issues we think will define the entertainment and news terrain in 2024. After a year of industrial strife, many will be looking forward to seeing the back of 2023, but the question of where things head in 2024 has dominated chatter since the dual U.S.
labor strikes came to their eventual conclusion. One two-word phrase has summed up predictions above all else – “market contraction.” TV execs from all walks of life forecast that 2024 will be a year of correction, with global levels of production slipping as the streamers desperately seek to turn profits while retaining subscribers, and traditional players continue to grapple with challenges ranging from ad contraction to streamer fever.
One senior source from the U.S. TV sector predicts development will tumble by around 40% next year, a figure he says has been doing the rounds in production circles. “The streamers are in a state of flux – they are looking at their balance sheets and thinking, ‘How many new things do I need to order each month in order to make my subscribers happy’,” says an international commissioner at a U.S.
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