ABSTRACT The current trend of the seasonally rebooted ‘limited series’ in U.S. television has found much acclaim, in large part owing to the ways it capitalizes on many of the advantages of both the ‘quality’ anthology series and the ‘quality’ miniseries, while nonetheless maintaining some of the production efficiencies and viewer loyalties of the continuing character series. In this way, the rebooted limited series functions as a sort of quality ‘hedge’—taking risks in some areas while being insulated from failure in others. Even with the format’s relative success, however, the industry continues to grapple with how to define and understand the limited series. These types of programs, such as American Horror Story (FX, 2011–) and True Detective (HBO, 2014–), reveal the slipperiness of format terminology in the context of rapid change. As the role of the limited series continues to evolve within the American television landscape, the format can potentially serve as one platform for examining how the industry has managed risk in the now-waning era of ‘peak TV’.
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