The estimates on the cost of content that emerged from these interviews peg the typical range of the production budget for high-end cable and streaming dramas at $5 million-$7 million an hour, while single-camera half hours on broadcast and cable run from $1.5 million to more than $3 million. With the exception of HBO, which made its mark with lavish productions, thats a significant increase, during just the past five years, over what had been $3 million-$4 million for cable dramas and around $1 million-$1.5 million for single-camera half hours.
And Netflix often exceeds the new, higher averages. The first season of its supernatural sensation Stranger Things was shot to look like a 1980s Steven Spielberg movie and came with a price tag of $6 million an episode for season one, rising to $8 million in season two. Netflixs sumptuous period drama The Crown cost an estimated $10 million an episode.
Bigger, bolder production values arent the only expense; talent also costs a pretty penny.