Industry's Dark Turn: The Rise of TV's Most Grim Show

Everythiiing

Jan 19, 2026 • 3 min read

A dark, atmospheric scene from the TV show Industry, featuring intense expressions and a shattered glass desk.

Industry's Grim Evolution: From Glamour to Nightmarish Realities

In the ever-competitive world of television, few dramas have undergone as dramatic a transformation as Industry. The HBO/BBC series, which first aired in 2020, initially struggled to make a mark, but its fourth season has arrived with a vengeance, pushing boundaries and breaking taboos. Once a superficial look at London’s high-finance scene, Industry has now cemented its reputation as one of the bleakest, most nightmarish shows on TV.

From Obscurity to Hype: Industry’s Surprising Journey

When Industry debuted, expectations were modest. Directed by Lena Dunham, the show followed a group of ambitious postgraduate bankers navigating the cutthroat world of London’s finance industry. Early reviews were lukewarm, and viewership numbers were disappointingly low. However, the series quietly persisted, refining its narrative and deepening its exploration of toxic workplace culture.

By season three, ratings had surged by 40%, prompting HBO to move the show to a coveted Sunday night slot. The fourth season, which premiered recently, arrives with a starrier cast—featuring Max Minghella and Charlie Heaton—and a tone that is darker than ever. Critics and fans alike are buzzing, but not without a sense of unease. As one reviewer noted, Industry has “always been bleak, but it’s gotten darker.”

The Opening Episode: Setting the Tone

The season kicks off with a chilling premise. Within minutes, viewers are thrust into a world where superficial glamour clashes violently with predatory behavior. A one-night stand escalates into something sinister, leaving a young woman in a vulnerable position. Later, anti-heroine Harper Stern (Myha’la) delivers a line that has become emblematic of the show’s grim humor: “If you’re gonna have a stroke, please do it outside my office,” before the victim collapses in front of her, shattering her glass desk.

These scenes are not outliers. Instead, they set the stage for a season that promises to be “much, much more traumatic,” as industry insiders have warned. The narrative is now infused with a cynicism so profound it feels almost supernatural, with some critics likening it to a “vampire story” where the characters are both predators and prey.

A Conspiracy Thriller with a Dark Heart

Creators Konrad Kay and Mickey Down have described the first three seasons as a trilogy, with season four marking a deliberate departure. Their goal, as Kay explained, was to tell a story with “the narrative propulsion of a great conspiracy thriller.” This shift has paid off, with the new season weaving a sprawling tale that intersects finance, politics, media, and the aristocracy.

The central relationship between Yasmin (Marisa Abela), a troubled heiress, and Harper, the ruthless finance disrupter, is pushed to new extremes. Their co-dependent dynamic, fraught with power plays and moral ambiguity, serves as the emotional core of the season. Kit Harington’s portrayal of Yasmin’s mental health struggles adds another layer of depth, making the show not just a critique of finance but a harrowing exploration of human fragility.

Why It’s More Than Just a Banking Drama

Industry has always been more than a straightforward portrayal of Wall Street’s British counterpart. It is a scathing commentary on the abuse of power, the normalization of misogyny, and the psychological toll of unchecked ambition. Season four amplifies these themes, showing how the characters, now in their 30s, perpetuate the same abusive culture they once suffered through.

As Alison Herman of Variety observes, “These characters are now in their 30s, helping to perpetuate the same abusive, exploitative culture they have experienced.” This cyclical nature of harm is what makes the show so unsettling. It’s not just a story about banking; it’s a mirror held up to society, reflecting our worst instincts in high-definition.

The Future of Industry: Will It Remain TV’s Darkest Show?

With the season culminating in March, viewers are left to ponder whether Industry has truly earned its reputation as TV’s most nightmarish drama. The blend of dark humor, shocking violence, and psychological tension is addictive, yet deeply disturbing. It’s a show that makes you laugh at the absurdity of it all while recoiling at its sheer bleakness.

For those who have followed the series from its humble beginnings, the transformation is remarkable. What started as a niche banking drama has evolved into a cultural phenomenon, sparking conversations about workplace ethics, mental health, and the dark side of ambition. Whether you love it or hate it, there’s no denying that Industry has left an indelible mark on the TV landscape.

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