variety

TV Series Budgets Hit the Breaking Point as Costs Skyrocket in Peak TV Era

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

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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,”

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