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Deadline

Netflix Paying $16 Million per Episode for Series

Oct 19, 2016  •  Post A Comment

A series airing on Netflix is costing the streaming service a staggering $16 million per episode, Deadline.com reports. The series is “The Get Down,” a musical drama series set in the South Bronx in the late 1970s.

The project comes from the Oscar-winning husband-and-wife team of Baz Luhrmann and Catherine Martin, Pulitzer Prize-winning playwright Stephen Adly Guirgis, hip-hop historian Nelson George and rappers MC Nas and Grandmaster Flash, Deadline notes.

While “The Get Down” figured to be expensive from the start, with the 12 episodes expected to run about $11 million each, the report notes that the price has surged.

“Deadline has learned that given the way the deal is constructed, Netflix is paying more like $16M per episode — inclusive in the total is worldwide rights to the IP, and factored into that are the premiums that Netflix paid to acquire those rights exclusively,” the story reports. “Other costs include start-up, visual effects, music rights and production design. Of the $16 million, around $11 million was the final production expenses per episode, $3 million-$4 million over the initial budget following a string of filming shutdowns, staffing changes and script rewrites.”

Netflix’s overall cost for the 12-episode season order is said to be in the $190 million-plus range, Deadline reports.

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