For an interesting side-perspective on this:
Frank Zappa, a personal hero of mine, once argued that it wasn't the rich record label executives that ruined music, it was A&R scouts later on that did. Prior to the talent scouts, the big-wigs just threw money at everything and watched to see what would stick because they had no idea what was good. Lots of weirdo bands and artists got a chance because of this. Frank based his own success on this. Later on, as they became more analytical, less wasteful with artist spending and contracts and did more research on what made them the most money, things became very formulaic, music started sounding more similar, and not in a Motown sorta similar pop-music way. Music was starting to become a fully manufactured product. This was in the early 80's when he was talking about this.
Flash forward to present day, and now we see things so formulaic that they are manufactured down to exact second in song length, BPM, note progression, tonality, familiarity to other successful music, etc. Think of a crazy thing to compare with and I guarantee a major recording label is using an algorithm to comb the databases to make their next hit. And so, we end up with crap like this:
Apply this same analogy to TV shows. It is sad but true. There is hardly anything being produced anymore with any sort of significant private funding that is original, that is taking any risks. The only good news is that it is becoming less and less expensive to produce. There is plenty of good indie music and movies and tv. The problem is distribution networks and backing. What urks me the most is that some production house could literally spend a few hours on the internet, find some amazing concept low-budget indie project, and snatch it up and back it. But they don't, they go for the formulaic crap.
Case and point is that there is a way to produce original material and still make money off of it.