The per-episode budget for Stranger Things Season 4 has reportedly been revealed, and the rumored figure is massive. According to sources speaking to The Wall Street Journal, Netflix is spending $30 million per episode for the fourth season of the hit sci-fi show, which is very heavy on special effects.
Not all of Netflix's content costs this much to produce, of course. The company also produces "low-cost" shows that help balance out the heavy-hitters like Stranger Things, the report said, without naming any titles in the "low-cost" bucket. This information came to light as part of WSJ's story on Netflix's latest earnings briefing and how the company might cut costs to improve results amid a difficult financial time.
At $30 million per episode, Stranger Things Season 4 is one of the most expensive TV shows of all time. For comparison, the Halo TV series carries a budget of $10 million per episode. HBO's Game of Thrones, meanwhile, was said to have cost $10 million per episode for earlier seasons before rising to $15 million per episode for the final two seasons. Disney+'s Marvel TV shows are estimated to cost as much as $25 million per episode and are believed to be among the most expensive TV productions in the business.
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