We've officially reached Peak TV.

A study has found American networks produced a record 495 television shows in 2018.

That's up 172 per cent from 2002, when the FX Networks study began.

For the first time, online streaming services produced more shows than free to air or basic cable.

Websites such as Netflix and Amazon Prime produced 160 scripted shows last year, compared to 146 for traditional broadcast networks and 144 for basic cable respectively.

When FX first began monitoring, there were only 182 shows on television.