When FX’s John Landgraf gave his well-regarded “Peak TV” talk in August 2015, his diagnosis of “simply too much television” also came with a prediction: “My sense is that 2015 or 2016 will represent peak TV in America, and that we’ll begin to see declines coming the year after that and beyond.” Yet, based on his own data, Landgraf’s projections do not appear to have borne out: the final count of scripted series for 2017 was up over 15% from 2015, and knocking on the door of the stunning “500” milestone. Was Landgraf wrong about “Peak TV?”

First of all, it is important to remember than 500 series on television does not mean 500 profitable series on television, either for the studios producing the series or the networks exhibiting them. ...

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