Core Viewpoint - The recent policy issued by the National Radio and Television Administration aims to enhance the supply of quality television content, addressing key industry pain points and potentially revitalizing the film and television sector [1][2][4]. Group 1: Policy Details - The new policy, titled "Several Measures to Further Enrich Television Content and Promote Supply," includes 21 specific measures aimed at improving content management and production efficiency [2][4]. - Key changes include the removal of the 40-episode limit for dramas, the elimination of the one-year gap requirement between seasons of seasonal dramas, and a reduction in the review time for completed dramas [2][3][5]. - The policy encourages the production of high-quality documentaries, animations, and short dramas, aiming to meet the cultural needs of the public [2][4]. Group 2: Industry Impact - The implementation of the new policy is expected to address the decline in production and investment in the drama market, which has seen a significant drop in the number of completed dramas and web series [4][6]. - Data from the National Radio and Television Administration indicates that only 115 domestic dramas were produced in 2024, with a continuous decline in web series production [4][6]. - The policy is anticipated to attract investment back into the industry, as it allows for more flexible production schedules and encourages diverse content creation [4][5][6]. Group 3: Market Trends - There is a growing consensus in the industry to focus on high-quality, shorter dramas, as evidenced by the success of recent series with fewer episodes [6][7]. - The trend towards shorter series aligns with changing audience preferences for more concise and engaging content, which is better suited to modern viewing habits [7]. - Companies are shifting their investment strategies towards medium-length and short dramas, which are seen as more viable for producing quality content and ensuring quicker financial returns [7].