Spending $20m per TV episode would have been unthinkable a few years ago, but no longer.

Fantastic cover!

Cost per episode by show:
1) Game of Thrones (HBO) — $15m
2) The Crown (Netflix) — $10m
3) Jack Ryan (Amazon) — $8m
4) American Gods (Starz) — $8m
5) Stranger Things (Netflix) — $6m
6) American Crime Story (FX) — $6m
7) The Tick (Amazon) — $5m
8) Will (TNT) — $5m
9) Carpool Karaoke (Apple) — $2m

Quote from Michael Pachter — Research Analyst @ Wedbush Securities
“It’s an arms race, and it’s going to be that way until somebody realizes they’re just beating their head against the wall and not getting anywhere,”