Now we know how Netflix is going to put the cash from its recent price increase to use: The streaming service just acquired the rights to the popular Sony Pictures–produced NBC drama The Blacklist.
The deal cost Netflix a whopping $2 million per episode, according to Deadline Hollywood, which would make The Blacklist Netflix’s most expensive deal for a network show to date. A Netflix spokesperson confirmed that the first season will debut on Netflix on Sept. 7 but declined to comment on the size of the deal.
Netflix raised its monthly subscription fees for new customers to $9 a month in May but gave existing members a two-year grace period, during which they’ll continue to pay $8 a month. Netflix’s most recent quarterly report showed that the price increase didn’t have any material impact on subscriber growth — but the extra buck per month could help the service keep up with rising content costs.
Netflix’s previous highest-priced deal for a drama that previously aired on TV was the acquisition of The Walking Dead, for which the service paid $1.35 million per episode, according to Deadline Hollywood.
Developing, more to come.
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