Industry shifts, from the expansion of streaming to rapidly changing consumer viewing habits, have inspired production studios to get more creative with their content. As the industry questions its traditional practices, we’re also seeing new players entering the space.
Take the example of regional sports networks. Diamond Sports Group, the largest owner of regional sports networks, recently filed for bankruptcy protection. As paid TV channels, Diamond’s networks have faced challenges in recent years due to the transition away from cable and subsequent rise of streaming. In fact, across the production industry, streaming surpassed TV viewership for the first time in 2022.
