Consequently, we are seeing a return to ad-supported models (AVOD). Netflix and Disney+ now have "Basic with Ads" tiers. Meanwhile, is consolidating. Warner Bros. Discovery and Paramount are merging and shrinking. The golden age of "peak TV" (over 600 scripted series in 2022) is over. We are entering the era of austerity, where studios greenlight fewer shows but demand global, franchise-level hits.

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