Challenges in the Nonfiction TV Industry
Development and production in the nonfiction TV industry have slowed down, leaving many workers struggling to find jobs. A storytelling event called 'Hollywood Horror Happy Hour' was organized to raise money for needy peers. Budgets are being slashed, salaries are decreasing, and job opportunities are limited. The industry is facing a downturn similar to the scripted TV space, with fewer buyers for unscripted content. However, fresh sports-related ideas and successful franchises are still being greenlit. Some production companies are diversifying revenue streams to navigate the challenging market.