TV Production

Over the five years to 2022, the Television Production industry has shrunk slightly amid upheaval in the US media landscape. Companies in this industry produce TV programming for sale to networks, broadcasting companies and online platforms. A decline in cable subscriptions and the emergence of online alternatives have increased competition among industry customers to acquire top content, and this competition has contributed to what critics have dubbed the golden age of TV. Over the five years to 2022, industry revenue is expected to fall an annualized 1.6% to $41.6 billion largely due to industry revenue falling an estimated 21.9% in 2020 alone as the COVID-19 (coronavirus) pandemic halted much of the industries operations. In 2021, however, revenue is estimated to have rose 5.9% due to a recovery from pandemic's adverse effects on the US economy. The industry is expected to have continued growing at a slower rate in 2022, growing an estimated 0.4% in that year alone.