Reports from Ampere Analysis and Luminate confirm a significant decline in the volume of scripted TV series being ordered in the U.S., with the number of series titles falling to 481 in 2023, down from 633 in 2022 and 2021. The decline is attributed to a combination of strike action and a downturn in the original content boom, leading to a sharp drop in series orders. Streamers, particularly Netflix, reduced their releases, while global streamers ordered more shows from outside the U.S., indicating a shift towards internationalization in the TV industry.
Research from Ampere Analysis shows a significant decline in the number of scripted TV seasons ordered in the U.S. since 2019, with a notable decrease in releases from major streaming services like Netflix, Peacock, Hulu, Max, and Paramount+. This decline is attributed to a combination of factors, including strikes and the internationalization of the TV industry. The research suggests a shift away from Hollywood as the core of the world's TV industry, with a projected slow recovery in content orders for 2024 and beyond.
Singapore-based payments provider Alchemy Pay has raised $10m in investment from market maker DWF Labs at a $400m valuation to expand its business in South Korea, where it aims to capitalise on the country's high level of crypto acceptance and help local firms achieve greater internationalisation. Alchemy Pay provides a way for crypto companies to access the fiat payment system and has previously worked with Visa, Mastercard, Google Pay and Apple Pay. The investment is the latest in a series of eight investments or funding rounds of at least $10m into crypto and Web3 projects by DWF Labs in the past six weeks.
