For South African producers, low broadcaster budgets are, unfortunately, a given. However, due to the recent Wall Street crash, at least two American TV networks are also cutting budgets. Variety.com reports that ABC has asked its series producers to cut 2% off their budgets.
ABC has also instructed its producers to see what excesses they can cut immediately. Meanwhile, NBC is looking to cut 500$m off its 2009 budget. Consider that a lot of the top-rated drama shows have ensemble casts and big casts necessitate big budgets.