Back in the day when there was only broadcast television in the US, writers tended to be confined to just one episode to tell a story, similar to a feature film. Limited series, where the writers could spread the story over many hours were relatively rare, because they disrupted the weekly TV schedule, not to mention being more expensive to produce. Yet, the examples of blockbuster hits like Roots, Shogun, and The Thorn Birds showed that there was a market for them, because the extended time enabled the telling of complex stories and better character development.
The arrival of streaming services has seen the flourishing of the limited series since there are no scheduling issues. One downside is that freed from some time constraints, some of the writing is a little bloated but on the whole, the limited series fills an important niche between feature films that tell one story and a normal weekly TV show in which each episode had to be largely self-contained within a short time and thus cannot accommodate complex and lengthy storylines.
There is one problem with the current limited-series model and that is how to end it. If the story is planned as a one-off from the very beginning, then there is no problem. You just end the story at the end and that is it. But some producers want to have the option, if the series is a hit, to bring it back a sequel with many of the same characters. But you do not know in advance when making the first series if it will be a hit so you want to end the series in such a way that viewers will look forward to a sequel series if there is one.
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