According to news reports, Netflix boss Ted Sarandos has privately been telling producers that his company will be more cost-conscious going forward.
This comes on the heels of Netflix’s Triple Frontier (a movie which reportedly cost $115 million but which has gone down poorly with audiences and critics alike) and their up-coming blockbuster Red Notice (which is likely to cost upwards of $200 million, including unusually large pay-cheques for its stars, The Rock, Gal Gadot and Ryan Reynolds).
Netflix’s journey towards bigger and bigger budgets, only to then start lowering them again, is a story Hollywood knows well. Over the past century, most of the major studios have had moments of budget inflation and belt-tightening.
Last week, I shared my research into how much the average …