Hollywood is scaling back on the production of new comedies, making it increasingly difficult to find fresh and gut-busting laughs on television. The comedy genre has taken the biggest hit since the 'Peak TV' boom, while drama continues to thrive. Channing Dungey, Chairman and CEO of Warner Bros., commented on the downshift in production, stating that fewer productions may not be bad for the business overall. The reduction in comedy productions is attributed to their regional specificity, making them less marketable globally compared to dramas. The Reuters World News podcast discusses the reasons behind Hollywood's shift. Meanwhile, Sony is betting big on comedy with a wave of first-look deals.