Netflix CEO Reed Hastings was speaking at the New Yorker’s TechFest conference and concluded that movie studios were spending in excess of $100 million per hour of screen time, but that the same level on tv was peaking at around a tenth of the price.
Hastings spewed, “What we’re all interested in is, how do we expand… and figure out what $20 million-an-hour television looks like.”
That is a considerable jump from the most expensive television we've seen - the majority of which has been coming via Netflix. Baz Luhrmann’s The Get Down reportedly cost $11 million an episode, but some say that figure is closer to $15 million - it would explain why the so so received show only got one season. But the most expensive series currently airing is offcially Netflix's The Crown, which costs a hefty $12 million an episode.
Back in the day the final seasons of ER and Friends cost around $10 million a show, but a lot of that was the hefty figures commanded by an in-demand cast who were integral to the show going forward.
The final season of Game of Thrones is expected to go higher than $10 million, as HBO look to finish things with a bang.