Kotick is under a lot of pressure to make changes (or resign) in the wake of this investigation. What Video Game Mogul Bobby Kotick Knew About Sexual Misconduct at Activision I am going to do a reader mailbag in the next couple weeks regardless, so please send along any questions or comments. You may get a newsletter from one of my colleagues. While Netflix may not have to pay them much more for a second season, at least contractually, it knows better than to get in any fight with the producers of its biggest show. As Stuber said a couple years ago, whenever a project overperforms, “we want to make sure to take care of you.” - Lucas Shaw
GAME OF THRONES CAST SEASON 2 TV
The producers and talent will be able to use “Squid Game” to get a lot more work.īut they also have some leverage right now, and they will use it when talking to Netflix global TV chief Bela Bajaria’s team in Asia. The creator can now make whatever he wants for his next project. Big South Korean actors aren’t getting paid $1 million an episode to do TV like their counterparts in the states.Įveryone involved in “Squid Game” is thrilled with the result. Thanks to the contract Netflix signed with the “Squid Game” producers, it has the rights to make a second season. One of the upsides to working in markets outside the U.S. But by the end of the show, they were doing just fine. The creators of “Game of Thrones” didn’t get rich off of season 1. The easiest way for services like Netflix and HBO to reward people in success is paying them more for subsequent seasons. So much so that Stuber has been contemplating some kind of performance-based compensation for years. This model also benefits most of its partners because most film and TV projects are not successful.īut producers would have made more money with ownership in a few rare cases, and there are a lot of agents and lawyers who would like Netflix to share in the upside.
The Netflix model is more popular on Wall Street because, in theory, Netflix can rake in the profits as it gets bigger. Lots of famous and powerful people have been content to take Netflix’s money, and many musicians think Spotify is getting rich off of them.
I am not here to tell you which model is better for artists. This differs from Spotify, which, despite the complaints of artists, does pay music rights holders a share of its sales. And it certainly doesn't mean that's why you remained a customer. Just because you watched "Red Notice" after signing up doesn't mean that "Red Notice" is why you signed up. Netflix justifies this model by saying that no individual show is responsible for its success in a given quarter. “If we make a film, we pay in success,” Netflix film chief Scott Stuber said in 2019. It assumes the project will be a success and overpays upfront.
GAME OF THRONES CAST SEASON 2 MOVIE
Big actors and filmmakers receive a share of the proceeds from a movie or TV show as part of their initial deal. The Netflix model differs from how most movie studios and TV studios have behaved in recent decades. Netflix has paid bonuses for awards, but, like the bonuses for “Squid Game,” these are relatively small. The company has never been a big fan of performance-based compensation when it comes to talent. Its entire business model is predicated on capping the upside of its business partners. Even some journalists get bonuses if they break a lot of stories. Filmmakers get bonuses if their movies gross $1 billion. Athletes get bonuses if they win the award for Most Valuable Player. Performance-based bonuses are common across many industries. How do you compensate talent for a hit no one saw coming?
Most of that money goes to Netflix, not the producers or the cast. Creator Hwang Dong-hyuk has said in the press that he didn’t make a lot of money on the first season. This raises an interesting question. The show, which cost just $21 million to produce, is estimated to be worth more than $900 million to Netflix. The bonuses are a recognition of how lucrative “Squid Game” has been for Netflix. The cast received less than the stars of “Succession” get paid for one episode. We’re not talking about life-changing money. sent the team behind "Squid Game" one-time bonuses as a reward for their work on the most popular show in company history.