New York (CNN Business) A version of this article first appeared in the "Reliable Sources" newsletter. You can sign up for free right here.

In 2009 there were 211 scripted television series on broadcast and cable networks, according to a count commissioned by FX.

In 2014, the first year FX shared its data, the total was up to 376, and streaming services like Netflix and Amazon were in the mix. FX wasn't counting daytime TV or shows for kids or specials — just regularly scheduled dramas and sitcoms and the like. The growth was explosive. FX boss John Landgraf warned that the industry was living through a bubble. "This is simply too much television," he said in 2015. "My sense is that 2015 or 2016 will represent peak TV in America, and that we'll begin to see declines coming the year after that and beyond."

That's when the notion of "peak TV" was introduced. But we haven't reached the peak yet. New distributors keep getting into the game. On Thursday Landgraf shared FX's newest estimate at the Television Critics Association (TCA) press tour: There were 532 scripted programs across broadcast, cable and streaming in 2019, he said, a 7% increase over 2018.

Chairman of FX Network and FX Productions John Landgraf speaks during the FX segment of the 2020 Winter TCA Tour at The Langham Huntington, Pasadena on January 09, 2020 in Pasadena, California.

So, for the first time, the industry has topped 500 scripted shows. The question in John Koblin's NYT story : "When will the bubble pop?"

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