You said they got 3 billion as if they got 3 billion dollars. In reality Netflix paid for the rights to distribute a show and paid for the infrasture to stream 3 billion minutes of it in hopes that people keep renewing their subscription. It definitely made them a lot of money, but not 3 billion.
There’s no real way of knowing if having suits on there actually made them money though.
Say they paid $10mil to have it on Netflix. Someone watching it doesn’t mean that if it wasn’t on Netflix they wouldn’t have subscribed. I watch stuff on Netflix all the time that wouldn’t have made me subscribe to Netflix just to see it. If they weren’t on there I wouldn’t care.
They can guess at how much potential revenue having it on there makes, but there’s legitimately no real way to know. The only real way would be to remove suits from Netflix and then see how many subscribers they lose.
If those 3 billion minutes were watched non-stop 24/7 for the paying subscribers it would make at least $486,111.11 for Netflix assuming the subscribers paid for the cheapest subscription at ~$7. That’s still a lot of money, but they also pay for their own upkeep, servers and much more.
I know most people don’t have the cheapest subscription, and also that they don’t watch 24/7. But it puts into perspective that Netflix doesn’t earn that much on one series.
To add: they also make their own shows and productions and they pay to put shows up on their service that are not their own productions. I don’t know what a show like suits will cost to be put on Netflix, since they don’t produce the show, but I’d imagine that’s not cheap. And I guess the writers get a percentage of the money earned on the selling of those rights (depending on the contract they have with the original studio)
And the paying of the writers is in the hands of the studio selling the rights, not Netflix.
enlighten me
You said they got 3 billion as if they got 3 billion dollars. In reality Netflix paid for the rights to distribute a show and paid for the infrasture to stream 3 billion minutes of it in hopes that people keep renewing their subscription. It definitely made them a lot of money, but not 3 billion.
There’s no real way of knowing if having suits on there actually made them money though.
Say they paid $10mil to have it on Netflix. Someone watching it doesn’t mean that if it wasn’t on Netflix they wouldn’t have subscribed. I watch stuff on Netflix all the time that wouldn’t have made me subscribe to Netflix just to see it. If they weren’t on there I wouldn’t care.
They can guess at how much potential revenue having it on there makes, but there’s legitimately no real way to know. The only real way would be to remove suits from Netflix and then see how many subscribers they lose.
3 billion minutes watched does not equal 3 billion dollars paid to Netflix.
If those 3 billion minutes were watched non-stop 24/7 for the paying subscribers it would make at least $486,111.11 for Netflix assuming the subscribers paid for the cheapest subscription at ~$7. That’s still a lot of money, but they also pay for their own upkeep, servers and much more.
I know most people don’t have the cheapest subscription, and also that they don’t watch 24/7. But it puts into perspective that Netflix doesn’t earn that much on one series.
To add: they also make their own shows and productions and they pay to put shows up on their service that are not their own productions. I don’t know what a show like suits will cost to be put on Netflix, since they don’t produce the show, but I’d imagine that’s not cheap. And I guess the writers get a percentage of the money earned on the selling of those rights (depending on the contract they have with the original studio)
And the paying of the writers is in the hands of the studio selling the rights, not Netflix.