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One veteran Hollywood writer lamented, "I didn't expect to run into a brick wall," highlighting the shock and disillusionment felt across the industry. Many professionals have spent years crafting careers only to find their opportunities evaporating overnight. The chaos resembles a "catastrophe," with some fearing they may never regain stable employment in their field.
The End of Peak TV and a Wounded Industry
The era known as "peak TV"—a time when television was experiencing a boom of high-quality, numerous shows—seems to be ending. The proliferation of content was fueled by streaming services eager to capture audiences, but the financials didn't add up. The overexpansion led to massive losses, and now the industry is contracting.