John Brawley
Well-known member
Netflix will struggle.
Streamers are onto "churners". So that's why now a NEW series premiere will often not all drop at once. They are following the old network model of dribbling episodes out. So thanks for screwing up the beauty of that model you month to month'ers... ;-)
It's easy to say "Netflix just has to keep making great content"
It's not that easy. I actually think we're in a bubble. A lot of marginal TV is getting made that isn't VALUED by the audience.
I am finding it INCREDIBLY difficult to get experienced crew everywhere I work. In the last 3 years I've shot in Atlanta, New Orleans, London, Naples, Vancouver, Chicago and LA and in every single market, it's REALLY hard to find seasoned crew. On the small show I did in Vancouver the most experienced focus puller I could find had only been doing it for 18 months.
In another location, most of the production office crew had never worked on a large show so they made a lot of basic mistakes and were basically overwhelmed with the scale of the show in a way that visibly impacted the quality of the show.
From writing down, the talent pool of GOOD isn't very deep. You spread those that are good thin and then add a lot of new and not so good, and you get this world we live in now with a lot of high end content stretched very thin.
In order to secure the BEST above the line talent (actors, writers, producers. directors) they are in bidding wars with each other to get that talent. So the prices keep going up. That's an artificial bubble, created by an artificial market force. Although it's recently been resolved a bit more favourably, for a long time streamers didn't pay residuals in the same way so a lot of above the line talent, so guess what. The Talent takes a massive cream of the front end cost.
A big streamer show might be 100 million for 10 eps, but you can take at least 30% of that fee UP FRONT because of all the producers and IP / development / royalty off the top.
I was in negotiation on a big Netflix show. Huge name actor (Oscar winner) attached and a seemingly large budget. But once I started some due diligence, it became apparent that the show's story ambition would be really difficult on the budget that was left after everyone up front took their cut. (VFX heavy space show)
I know some people that worked on a very large budget show for Netflix and said the biggest problem was that there wasn't any money left to make the show. It has 22 producers on IMDB.
A friend of mine is a director who has a deal with HBO. We've come to an era where streamers are doing deals to secure NAMES so they are exclusive to (in this case) HBO. Not a writer. Not a showrunner. Not a producer. A Director you've probably never heard of (but does big shows)
Creative talent are resources, but we're commodity items. We're only valuable when the market is willing to pay for us. Once there's a collapse in demand, then it will change very quickly.
This bubble will burst. It's not sustainable for streamers like Netflix to keep borrowing money to make more and more marginal content that they are forced to pay more an more for because the talent pool is so tight from writing down to dolly grips.
It's just not sustainable. It's gambling. Like the big traditional film studios long ago learned, you can't guarantee success with money for content.
JB (Also a DGA member who get's residuals)
https://www.fastcompany.com/9030785...-inside-netflixs-arms-race-for-tv-showrunners
https://deadline.com/2020/03/dga-bo...-big-gains-in-streaming-residuals-1202876775/
https://www.fastcompany.com/90250828/the-death-of-hollywoods-middle-class
Streamers are onto "churners". So that's why now a NEW series premiere will often not all drop at once. They are following the old network model of dribbling episodes out. So thanks for screwing up the beauty of that model you month to month'ers... ;-)
It's easy to say "Netflix just has to keep making great content"
It's not that easy. I actually think we're in a bubble. A lot of marginal TV is getting made that isn't VALUED by the audience.
I am finding it INCREDIBLY difficult to get experienced crew everywhere I work. In the last 3 years I've shot in Atlanta, New Orleans, London, Naples, Vancouver, Chicago and LA and in every single market, it's REALLY hard to find seasoned crew. On the small show I did in Vancouver the most experienced focus puller I could find had only been doing it for 18 months.
In another location, most of the production office crew had never worked on a large show so they made a lot of basic mistakes and were basically overwhelmed with the scale of the show in a way that visibly impacted the quality of the show.
From writing down, the talent pool of GOOD isn't very deep. You spread those that are good thin and then add a lot of new and not so good, and you get this world we live in now with a lot of high end content stretched very thin.
In order to secure the BEST above the line talent (actors, writers, producers. directors) they are in bidding wars with each other to get that talent. So the prices keep going up. That's an artificial bubble, created by an artificial market force. Although it's recently been resolved a bit more favourably, for a long time streamers didn't pay residuals in the same way so a lot of above the line talent, so guess what. The Talent takes a massive cream of the front end cost.
A big streamer show might be 100 million for 10 eps, but you can take at least 30% of that fee UP FRONT because of all the producers and IP / development / royalty off the top.
I was in negotiation on a big Netflix show. Huge name actor (Oscar winner) attached and a seemingly large budget. But once I started some due diligence, it became apparent that the show's story ambition would be really difficult on the budget that was left after everyone up front took their cut. (VFX heavy space show)
I know some people that worked on a very large budget show for Netflix and said the biggest problem was that there wasn't any money left to make the show. It has 22 producers on IMDB.
A friend of mine is a director who has a deal with HBO. We've come to an era where streamers are doing deals to secure NAMES so they are exclusive to (in this case) HBO. Not a writer. Not a showrunner. Not a producer. A Director you've probably never heard of (but does big shows)
Creative talent are resources, but we're commodity items. We're only valuable when the market is willing to pay for us. Once there's a collapse in demand, then it will change very quickly.
This bubble will burst. It's not sustainable for streamers like Netflix to keep borrowing money to make more and more marginal content that they are forced to pay more an more for because the talent pool is so tight from writing down to dolly grips.
It's just not sustainable. It's gambling. Like the big traditional film studios long ago learned, you can't guarantee success with money for content.
JB (Also a DGA member who get's residuals)
https://www.fastcompany.com/9030785...-inside-netflixs-arms-race-for-tv-showrunners
https://deadline.com/2020/03/dga-bo...-big-gains-in-streaming-residuals-1202876775/
https://www.fastcompany.com/90250828/the-death-of-hollywoods-middle-class
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