Why it matters: With fewer dramas, scripted shows and sports, analysts expect more consumers to “cut the cord” or ditch expensive cable and satellite TV subscriptions. For live TV loyalists that chose to stick around, expect more news, animation, reality TV, live performances and documentaries.
Driving the news: Netflix said Thursday that it doesn’t foresee programming production in America to return until 2021.
“[C]urrent infection trends create more uncertainty for our productions in the U.S.,” the company said in a statement.
“If Netflix is telling you that they can’t shoot content in the U.S. — and they’ve been out aggressively starting production around the world — that means that for the networks, it’s not happening,” says Rich Greenfield, a media analyst and Partner at LightShed.