Reported 4 months ago
The reality TV industry is facing a downturn with scarce job opportunities, budget cuts, and risk-averse executives hesitant to take creative risks on untested concepts. Despite initial expectations that reality TV would boom during the 2023 actors and writers strikes, the opposite has occurred, leaving many veteran producers and workers unemployed. Budgets for greenlit shows are being slashed, affecting salaries offered to workers, while some production companies are diversifying revenue streams to weather the market slump. Overall, the reality TV industry is described as being on life support, with concerns about the future makeup of the workforce and the viability of the business in the coming years.
Source: YAHOO