The Binge Purge. TV’s streaming business model is broken.
A good long read by Josef Adalian at Vulture.com:
It’s absolutely conceivable that the streaming subscription model is the crypto of the entertainment business. Like cryptocurrency, which has created massive on-paper fortunes built atop 1 + 1 = 3 arithmetic, streaming TV has always seemed too good to be true but seduced a lot of smart people anyway.”
Also, about a TV adaptation of “Field of Dreams” by Mike Schur, who created “The Good Place:”
Peacock pulled the plug on Schur’s TV adaptation of Field of Dreams even though it was deep into preproduction. “They just changed their mind,” says Schur. “They didn’t want to spend the money anymore.” He notes that the project will have one lasting artifact, perhaps the ultimate monument to Peak TV’s unfulfilled potential: “We built a baseball stadium in a cornfield in Iowa that’s still sitting there as we speak.” They built it, and nobody came.