Imagine if Netflix paid Jerry Seinfeld $10 million less for his jokes from the '70s and instead invested in developing talent. Here's how Netflix could be much smarter with its comedy dollar.
. He wouldn’t make money from syndication, DVD sales, or really any form of backend payment for creators.seasons are shorter than traditional TV seasons, so writers get paid for fewer episodes. The service also doesn’t offer residuals, unlike broadcast TV. On broadcast TV if an episode you wrote gets rerun you get some money from that. When 1,000,000 people stream that episode on Netflix, you’ve already been paid all you’re going to be paid unless you had a special contract.
Netflix is expected to spend $15 billion on content in 2019. To put that number in perspective, during Disney’s investor day this past April, the company said it was planning on spending $1 billion on its upcoming Disney+ streaming service during 2019. Netflix is spending more than some entire nations every year on content.
We spoke to a comic who has had two late-night spots in the last few years, who would like to remain unnamed. For their first spot, they got $1,100 while the second spot earned them $1,200. If They could open a comedy club in a New York or Los Angeles to develop new talent, which could also serve as a studio to film the specials we’re talking about. Hell, they could open a chain ofcomedy clubs in a few comedy friendly markets around the country, and help do something about feature and MC pay industry-wide. They could create more opportunities for great comics to develop incredible new acts for them.
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