Yet another article about the demise of the genre but a couple of things stood out to me. The first I see as inevitable and the second I'm still processing.
The financial crisis is hurting daytime soaps more than other shows, and may well doom them. Not so long ago, there were 16 soaps. Today, there are eight—with more cancellations seemingly imminent in the face of TiVo, D.V.R.'s, decreased market share, declining ratings, and the loss of financially pressed auto dealers as local advertisers.
"I see this moment as the turning point for soaps," a top CBS executive told me. "No format has been hit harder than daytime serials."
The executive says that within the next two months the network plans to dramatically slash the licensing fees it pays to the independent production companies that make its soaps. NBC recently did the same to the fees paid for its lone entry, Days of Our Lives—which have recently run about $1.8 million a week.
Unfortunately for advertisers, network-commissioned surveys have found that a large segment of the soap audience is poor, middle-aged African-American women. "That's definitely not the demo sponsors are targeting," says a network exec.
Yet another article about the demise of the genre but a couple of things stood out to me. The first I see as inevitable and the second I'm still processing.
http://www.portfolio.com/news-markets/top-...-of-Soap-Operas