alt Hacker NewsYou might be referring to the remnants of broadcast television. I'm referring to the screen-based productions capturing the eyeballs of tomorrow.
One serious strand of America's whip of many thongs is the inability or refusal to acknowledge the rise in power and influence elsewhere.
As Gandalf - the last remaining talkshow host - gets pulled off the bridge into the abyss, he looks up to see a motley brigade of multi-cultural hobbits dashing for the surface with their wits and wallets thankfully intact.
Please excuse my excruciating reimagining of your wild fantasy metaphor.
American companies control:
* The largest global streaming platforms (Netflix/HBO/Max, Disney+, Amazon Prime Video, Apple TV+)
* The largest content libraries by revenue
* The most extensive international distribution networks
* The vast majority of high-budget scripted shows (budgets > $5M/episode)
* The highest global licensing revenue streams
* The most valuable franchises (DC, Marvel, Star Wars, Harry Potter, LOTR rights distribution through Amazon, etc.)
No European or Asian company has anything close to this global reach.