TV Series Theory 
      by
      Ross M. Miller
      Miller Risk Advisors
      www.millerrisk.com
      February 11, 2013
      I am guilty of having watched way too much television in my youth. By
      high school other interests got me away from the tube (when it actually
      was a cathode ray tube), but I have drifted back from time to time. I did,
      however, get some professional mileage out of my interest in television.
      My undergraduate economics advisor at Caltech (and all-around great guy),
      Roger Noll, was a pioneer in, among very many things, the field of the
      economics of television. While I was a grad student at Harvard my
      circumstances were such that I needed to offer a junior tutorial in
      economics on a topic that would attract a lot of students (enough to
      require two sections with a single preparation). I figured that the
      economics of television would do the trick, and it did. It was a great
      tutorial to teach; most of my students were from the Pudding and they were
      far more interesting than the typical econ major of the day. As they say,
      a good time was had by all.
      The only "television" that I watch now are shows that are
      several years old and are either free to stream on Amazon or are
      reasonable deals on optical media. I rarely watch an entire series all the
      way through; by the fourth or fifth season it turns either dull or
      dreadful. And that's where TV series theory comes in.
      All TV series begin their lives as distinctive products. Derivative
      possibly, but still distinctive. That is because a network or syndicator
      has to pick up the series and without a "hook" there is no
      chance of that happening. When I was at GE I would talk from time to time
      to the quants at NBC who provided some statistical input into the series
      selection process. All I remember of their description of the process at
      NBC is that there was a "credenza" (that's the word they used)
      where all of the binders with the pitches for new shows would sit in
      Warren Littlefield's office at NBC (Littlefield, then the president of
      NBC, was the real-life basis for the president of NBC who fell in love
      with Elaine on "Seinfeld"). Occasionally, one of binders would
      fall behind the credenza, which meant that show, regardless of merit,
      would not get passed over by NBC.
      While all shows start out as different products, these differences are
      transitory. Ultimately all television shows become essentially the same
      show. That, in a nutshell, is my TV series theory. Shows that do not
      ultimately conform to the standard mold die. Take, for example, the
      now-forgotten "Herman's Head." Its hook (or gimmick) was that
      the main character, Herman, had four characters in his head and they
      provided a kind of running commentary/Greek chorus for whatever silliness
      was happening to Herman. There were a few good things about the show, like
      Hank Azaria, but the head people were a distraction. Herman never got good
      ratings, indeed, it was a joke in the television industry. At the time of
      cancellation they were even contemplating adding more "head
      people" to another character. Quelle clueless.
      The homogenization of TV shows takes many forms. Almost always, the key
      edgy character becomes "loveable," or at least less hateable.
      The Fonz on "Happy Days" started out in the pilot episode as a
      real "Lords of Flatbush" hood. By the end of the series, he was
      the father figure of the show. "Dexter" started out as a serious
      human misfit on the border of total social dysfunction, now other
      characters come to him for advice. "House" actually did pretty
      well in this regard, long-term romances toward the end of the show's run
      notwithstanding. The problem with "House" was that the
      ailment-of-the-week gimmick was exhausted by the third season. There are
      only a very limited number of medical mysteries that a general audience
      will have any chance of being able to follow. "House" only
      lasted as long as it did because Hugh Laurie is an amazing actor and his
      chemistry with the ensemble cast around him worked out well with some
      notable exceptions.
      The underlying reason for a TV series to evolve in the manner that it
      does is that the hook is necessary to grab viewers in the first place, but
      then the show must pander to the audience to keep and enlarge it.
      "Twin Peaks" shows what happens when a show fails to pander.
      David Lynch's weirdness drew audiences in and then drove them away. When
      there are the hooks that never grab more than a cult audience and then
      there's no need to pander because no one else is left to join the cult.
      "Freaks and Geeks," "Action," and "Arrested
      Development" are among the rare series that managed to be
      consistently good because they were on death row almost from day one.
      "Arrested Development" is, of course, a special case. It made
      it so long and is being resurrecting this year because the show goes
      beyond brilliant into a category of its own. The big gimmick of the show
      is that Michael, the good-looking "nice guy" who is the lens
      through which the show is seen, is just as rotten as his despicable
      relatives, and possibly more so due to his rampant narcissism and
      self-delusion. What makes this especially funny is that the typical viewer
      (and TV critic and Wikipedia) buys Michael's "I'm only doing this for
      the family" bit, joining him in his delusional state. Michael's
      actions, however, speak much louder than his words. Karma sucks.
      Beyond the homogenization effect, TV shows do have an obvious evolution
      when it comes to quality. Successful shows tend to peak somewhere during
      the first four seasons. The first season is rarely the best because the
      show is usually underfunded and the creators/writers/actors need time to
      figure out what the show is about and let it find its "voice."
      Still, the first season can be the best when additional funding comes at
      the cost of network interference or if there is a falling out among the
      talent. "Dobie Gillis," the topic of an
      earlier commentary, is an example of a show that was epic in its first
      season and all downhill from there. The second and third seasons are
      usually the sweet spot for a show: there is enough money to do things
      right, there are still massive payoffs to having a successful show, and
      not all of the good ideas had been used. Critical among these massive
      payoffs is having sufficient episodes for second-run syndication, which
      often requires 100 episodes. The monetary pull of syndication can keep a
      show going strong through its fourth season and even into the fifth. After
      that, the creators/writers are likely well more involved in their next
      series, providing support for only the occasional episode, if that. Actors
      squabble, get to direct episodes (usually a big mistake), and peripheral
      characters have entire episodes written around them. "Special"
      shows also abound, such as hallucinogenic fantasies, weird points of view,
      musicals, etc. The occasional series that get enough of the special shows
      right, for example, "Buffy" and "X-Files," are the
      ones that peak the latest.
      Next time, I move from TV to movies and begin a three-part series on
      Los Angeles in the 1970s as represented by the movies of the time. My
      first flick in the series is Robert Altman's underappreciated treatment of
      the Raymond Chandler classic The Long Goodbye.
      
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