Navigating the evolving landscape of TV dealmaking
In the ever-changing world of television, the art of dealmaking has undergone significant transformations. Ken Basin, a seasoned expert in the field, has revisited his seminal work on the subject, offering fresh insights and reflections on the industry’s current state and future trajectory.
Reflecting on the past and looking ahead
When Ken Basin first penned his authoritative book on TV dealmaking, he was optimistic about the industry’s potential for innovation. However, in the years since, he has had to reassess his views. “I underestimated the numerous incentives against innovation,” he remarked during a recent podcast episode of “Strictly Business.”
The shifting sands of TV economics
Basin’s updated edition of “The Business of Television” delves into the significant changes that have reshaped the industry since 2018. One of the most notable shifts has been the move from traditional deficit financing models to cost-plus licensing deals. This transition reflects a broader trend towards more predictable and stable financial arrangements in an increasingly volatile market.
The current state of the industry
The television industry is facing a challenging period, marked by layoffs and reduced production volumes. Basin acknowledges the grim reality but remains hopeful about the future. He suggests that the industry can rebound by leveraging TV’s core strengths and adapting to new economic incentives.
“Writing the second edition was a challenge,” Basin admits. “I wanted to present a realistic view of the industry without being overly pessimistic. It was about finding a balance and offering a hopeful outlook.”
The impact of streaming services
Streaming services have had a profound impact on the television landscape. The decline of cable and the rise of international production have disrupted traditional business models. Basin had anticipated more diversification in licensing models, but instead, the industry has seen a collapse of old paradigms and a shift towards cost-plus deals.
The road to recovery
Despite the current challenges, Basin believes the industry will eventually bounce back. However, he predicts that 2025 will look much like 2024, with ongoing adjustments and realignments. The anticipation of mergers and acquisitions (M&A) as a potential solution to the industry’s woes continues to be a topic of speculation.
Insights from industry leaders
“Strictly Business,” a weekly podcast, features conversations with industry leaders about the business of media and entertainment. Each episode offers valuable insights into the strategies and perspectives of those at the forefront of the industry. New episodes are available every Wednesday on platforms like iTunes, Spotify, Stitcher, and SoundCloud.
Embracing change and innovation
For cinema, TV series, and music enthusiasts, the evolving landscape of the entertainment industry presents both challenges and opportunities. As the industry navigates these changes, it is essential to stay informed and adaptable. The insights shared by experts like Ken Basin provide a valuable roadmap for understanding and thriving in this dynamic environment.
Exploring new content
For those eager to explore the latest in cinema and TV series, here are some recommendations:
For music lovers, discovering new albums and songs can be an exciting journey. Check out these links for the latest releases:
Personal reflections
As someone deeply passionate about cinema, TV series, and music, I find the current state of the industry both fascinating and challenging. The shift towards streaming and the changes in dealmaking models reflect broader trends in how we consume and value content. While the road ahead may be uncertain, the resilience and creativity of the industry give me hope for a vibrant and innovative future.
the television industry is at a crossroads, facing significant challenges but also opportunities for growth and reinvention. By understanding the evolving landscape and embracing change, we can look forward to a future filled with exciting new content and innovative business models.