Jimmy Kimmel knows the late night genre is due for a transformation as TV economics change with the rise of streaming, starting with reducing the projected $120 million budget for his own show.
“I don’t think there’s a reason for these shows to go away,” Kimmel said pondering the future of late night in an appearance at the Bloomberg Screentime conference on Wednesday. “These shows were a way to get high-priced talent for almost free. That was the whole trick. That was the whole reason they started these shows.
“These shows don’t need to cost $120 million and somebody will figure it out,” he added.
The late night host shared the projected budget for “Jimmy Kimmel Live!” during the conversation as he doubled down on criticism of the cancellation of Stephen Colbert’s “The Late Show.”
More to come…
