Are TV Mega Deals Worth It? Why Studios Are Paying So Much for Producing Talent – WrapPRO
“Whether or not the currency of dollars makes sense, the currency of prestige may at the end of the day win out,” one analyst tells TheWrap
Netflix bidding farewell to “The Office,” with NBCUniversal announcing Tuesday it would pull the hit off the streaming service in two years, highlights why mega deals with top producers are redefining the landscape in the high-stakes streaming wars.
But will those deals pay off?
The days of Netflix building a streaming business on classic TV shows appear to be numbered, which is why it was a coup for the streaming giant to secure the services of Shonda Rhimes and Ryan Murphy. Netflix is hoping that the two uber-producers behind hits like “Grey’s Anatomy” and “American Horror Story” will keep it perched atop the rapidly-expanding streaming kingdom.
WarnerMedia, meanwhile, is prepared to give J.J. Abr…
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