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Over two million U.S households cancelled cable television services in 2017. The traditional TV industry could be in for another brutal year.
Distributors push back against content providers as price increases and growing content commitments eat into profitability.
A half-an-hour before the U.S stock market closed on Friday, a story appeared on the The Wrap, that CBS and Viacom were in talks to merge.
In 2017, 487 shows were produced, up 7% from 455 in 2016. In 2010, just 216 shows were produced. Netflix is now the largest supplier of new shows.
In 2017, North American theatrical admissions fell to 1992 levels. Admissions in the U.S and Canada dropped 6% to 1.23 billion tickets sold.