It is happening in TV too. TV producers have been slowly moving their expensive content to pay TV and producing new low-cost shows ("reality TV" and gameshows)

It is happening in TV too. TV producers have been slowly moving their expensive content to pay TV and producing new low-cost shows ("reality TV" and gameshows) for broadcast. Plus, they use their broadcast channels as the stick to beat cable/satellite operators' into paying more for their cable channel bundles. For example, Disney moved Monday Night Football from ABC (free) to ESPN (the most expensive non-premium channel). Larry David effectively moved "Seinfeld" from NBC to HBO. Dance and singing contests, primetime gameshows, and hours and hours of news broadcasts (5:30-11:00am, 12:00am, 4:00-6:30pm, 10:00-11:00pm where I live) have replaced dramas and comedies. The dramas and comedies that are left are whatever ones that HBO didn't want.