BEVERLY HILLS, Calif. (AP) — Television viewers know there's a mind-boggling array of shows to attempt to watch. John Landgraf, the chief executive of FX Networks, predicted change is coming but not until the number of scripted series peaks at about 500 per year.

With a greater supply of U.S. television than can be profitably produced, the industry is "ballooning into a condition of oversupply" that will likely peak in the next two years and then slowly deflate, Landgraf told a TV critics meeting Tuesday.

"I'm not saying that I believe we are in a bubble which is going to pop, causing us to go from 500-plus scripted series to half that number," he said, but could dip to 400 or slightly fewer.

Scripted shows premiering this year should reach about 450 for broadcast, cable and streaming services and near or exceed 500 in 2017, in contrast to his expectation that it would peak this year, he said.

by Taboola