The report says Netflix content boss Ted Sarandos recently met with his top film and TV executives to pass on the message; purse strings must be tightened. Sarandos reportedly told them the goal with big budget projects should no longer be to create buzz, or industry cred.
Amid incoming pressure from Apple and Disney, the goal is now to bring in lots of viewers, the source said. Spending on the bigger products will also need to be more 8220;cost effective8221; according to the report.
One project that drew particular ire from Sarandos was the Ben Affleck vehicle Triple Frontier, which cost $115m and failed to being in the viewers. It bombed and not in the 8220;Affleck, you the bomb in Phantoms, yo!8221; way either.
The company is still on court to spend $15 billion on new content in 2019, but it appears we8217;ve seen the end of this scattergun approach to original content that has seen Netflix show little regard for prudency.
According to recent reports, the company spends unto $13m per episode on hit drama The Crown, while Orange is the New Black costs $4m an episode. The company reportedly paid stand-up comedian Chris Rock $60m for three specials, while Dave Chapelle got a similar wedge of cash.