Why TheCrown is ending with season 5 on Netflix THRNews
Shows tend to become more expensive as they age, andin April, streamers like Netflix assign a minimum guaranteed value that creators and top talent receive via ownership points — but those payments often start in the third season, with the real money coming after four and beyond.
In making renewal decisions, Netflix weighs a show's costs against its viewership returns and other top-secret data, including completion rates. That is to say, the streamer could reallocate some of its anticipated $17.3 billion spending budget this year to new programming more likely to attract new subscribers, rather than renewing a veteran series for an additional season should its internal metrics fail to impress.
This story first appeared in the Feb. 5 issue of The Hollywood Reporter magazine. To receive the magazine,
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