Congress has cut federal funding for public media — a $3.4 million loss for LAist. We count on readers like you to protect our nonprofit newsroom. Become a monthly member and sustain local journalism.
FX Networks Chief Says 'Peak TV' Has Indeed Peaked
FX CEO John Landgraf seen onstage during a screening in 2021 in Los Angeles, California.
(
JC Olivera
/
Getty Images North America
)
Topline:
FX Networks boss John Landgraf told reporters at the Television Critics Association on Feb. 9 that "Peak TV" had indeed peaked, with scripted TV series declining 14% to 516 shows in 2023 from 600 in 2022, by FX’s count.
Why It Matters: After several entertainment giant mergers, numerous rounds of layoffs and two industry-stopping strikes, Hollywood is in the midst of a period of contraction.
"We're just experiencing a really big pullback," Landgraf told The Ankler. "I think there'll be an active selling and buying period coming up. Like, it's still a really big industry, there's still a big appetite for projects. But you know, when an industry is actually scaling down, you can feel the sort of retrograde motion."
Support for LAist comes from
What's next: "I think its biggest size is behind it," Landgraf says of the entertainment industry. "I can see where the growth is coming. It's in gaming, it's in social media. YouTube has wildly grown. So has Netflix, and so have Disney+ and other streaming platforms. So it has a bright future on one level. But it's going to settle in as a smaller business in terms of at least the volume."
Read more of this story on The Ankler.
This story is published in partnership with The Ankler, a paid subscription publication about the entertainment industry.
As Editor-in-Chief of our newsroom, I’m extremely proud of the work our top-notch journalists are doing here at LAist. We’re doing more hard-hitting watchdog journalism than ever before — powerful reporting on the economy, elections, climate and the homelessness crisis that is making a difference in your lives. At the same time, it’s never been more difficult to maintain a paywall-free, independent news source that informs, inspires, and engages everyone.
Simply put, we cannot do this essential work without your help. Federal funding for public media has been clawed back by Congress and that means LAist has lost $3.4 million in federal funding over the next two years. So we’re asking for your help. LAist has been there for you and we’re asking you to be here for us.
We rely on donations from readers like you to stay independent, which keeps our nonprofit newsroom strong and accountable to you.
No matter where you stand on the political spectrum, press freedom is at the core of keeping our nation free and fair. And as the landscape of free press changes, LAist will remain a voice you know and trust, but the amount of reader support we receive will help determine how strong of a newsroom we are going forward to cover the important news from our community.
Please take action today to support your trusted source for local news with a donation that makes sense for your budget.
Thank you for your generous support and believing in independent news.
Chip in now to fund your local journalism
(
LAist
)
Trending on LAist
-
Isolated showers can still hit the L.A. area until Friday as remnants from the tropical storm move out. -
First aspiring spectators must register online, then later in 2026 there will be a series of drawings. -
It's thanks to Tropical Storm Mario, so also be ready for heat and humidity, and possibly thunder and lightning. -
![A Black woman sits at a dais with a flag in the background. A name placard in front of her reads: Dr. Va Lecia Adams Kell[um].](https://scpr.brightspotcdn.com/dims4/default/5425437/2147483647/strip/true/crop/6298x3897+0+0/resize/640x396!/quality/90/?url=http%3A%2F%2Fscpr-brightspot.s3.us-west-2.amazonaws.com%2F76%2F00%2Febed9a7a4fbd9e5ba12997e51d59%2Fgettyimages-1258669633.jpg)
L.A. County investigators have launched a probe into allegations about Va Lecia Adams Kellum and people she hired at the L.A. Homeless Services Authority. -
L.A. Mayor Karen Bass suspended a state law allowing duplexes, calling more housing unsafe. But in Altadena, L.A. County leaders say these projects could be key for rebuilding. -
This measure on the Nov. 4, 2025, California ballot is part of a larger battle for control of the U.S. House of Representatives next year.
![A Black woman sits at a dais with a flag in the background. A name placard in front of her reads: Dr. Va Lecia Adams Kell[um].](https://scpr.brightspotcdn.com/dims4/default/45c201e/2147483647/strip/true/crop/6298x3894+0+0/resize/786x486!/format/webp/quality/90/?url=http%3A%2F%2Fscpr-brightspot.s3.us-west-2.amazonaws.com%2F76%2F00%2Febed9a7a4fbd9e5ba12997e51d59%2Fgettyimages-1258669633.jpg)
Best of LAist