Mipcom: International TV Sector Faces Challenges Amidst Global Downturn
The struggles in the U.S. TV sector, including the Netflix subscriber slide and dual labor strikes, have had a significant impact on the international TV business. Major European players have been forced to lay off staff and cut shows due to economic turmoil and the strikes, leading to a commissioning slowdown. The streamers have shifted their focus to hero titles and global hits, leaving less room for local content. The licensing and distribution landscape has become complicated, and U.S. buyers are cautious about investing in international programming. However, there is hope that the industry will correct itself in the long term and find a more rational business model.