I wonder how soaps are able to justify themselves these days. Other than the biggest ratings grabbers, which I guess are Y & R and General Hospital, how can a one-hour daytime show employ fifteen or so fulltime cast members? They might not make prime time money but are certainly well into the six-figures. Then there are writers who also have to make six-figures, set designers, supporting cast members, extras, storage facilities for numerous sets and props, wardrobe, hair, make-up, etc. The expense of a soap adds up.
Compare that to how much it costs to put on Let's Make A Deal for an hour a day. (Never mind that it is a terrible game show, having no intelligence like Jeopardy or Millionaire and no real suspense like Deal or No Deal. Even Price Is Right requires you to use some strategy and knowledge of product prices. But that's another topic.)
Let's Make A Deal has the one set, fewer writers, only one host and a few models on screen. Most of the prizes are trade. OK, there is an added expense of audience and contestant prep and coordination but young people out of college do most of those jobs for $30,000, if that much. Does Wayne Brady earn more than Eric Braeden or Melody Thomas Scott? OK, I'm sure Drew Carey earns several million but he's keeping Price Is Right competitive with The View, a show with five hosts who earn, I assume, a million per year, maybe more for Whoopi. And for Barbara, the hosting paycheck is probably only a fraction of what she makes as the creator and main producer of The View.
I'm surprised we still have a dozen soaps but only TWO network-owned game shows. If soap operas weren't part of network schedules since the early days of radio, I doubt any TV network would start a "daytime drama" in this day and age.
Gregg
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The top two soaps are "Young And The Restless" and "Bold And The Beautiful," although "General Hospital" and "Days Of Our Lives" enjoy strong demographics. And with the impending demise of "As The World Turns," we're down to six soaps (five, if ABC cancels "One Life To Live").
The problem is simply that the viewing audience isn't there anymore; the target audience is outside the home during the day. So the name of the game (no pun) is now cost-efficiency: game, talk, and court shows. And I firmly believe there will be a third game show on CBS's daytime schedule come next fall. It is getting harder to justify the salaries of soap superstars like Eric Braeden and Susan Lucci, but I doubt if Drew Carey is making the kind of salary Bob Barker made, so you begin to see why the trend away from soaps.