Kevin Mayer, a former Disney executive, shared insights on Yahoo Finance's 'Opening Bid' podcast, discussing the decline of television's golden era. He believes that although AI can improve efficiencies in content creation, the costs for producing high-quality TV and films are escalating. Mayer emphasized that the industry has become financially constrained, with a lack of revenue to sustain the level of content production seen in the past. He asserts that the peak of the television industry was several years ago and predicts a decrease in content quality moving forward.
This is not enough money to cover that anymore, so content is definitely coming down.
There's no longer the revenue base to afford as much content as once was the case.
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