• Join Puck

    Directly Supporting Authors

    A new economic model in which writers are also partners in the business.

    Personalized Subscriptions

    Customize your settings to receive the newsletters you want from the authors you follow.

    Stay in the Know

    Connect directly with Puck talent through email and exclusive events.

  • What is puck? Newsletters Authors Podcasts Events Gift Puck Careers

One Sign Netflix May Be Up Schitt’s Creek

A year or two ago, Ted Sarandos might have paid the $1.2 million an episode to keep the popular comedy as part of his spend-all, be-all strategy. Now, with Netflix’s valuation cut by two thirds, it’s a different calculus.

Schitt's Creek Cast
Photo by Isaiah Trickey/FilmMagic
Matthew Belloni
May 2, 2022

In the days following the recent Great Netflix Correction, its legion of haters in Hollywood have been treated to one negative media story after another—the low morale, the underwater stock options, the actual and impending layoffs, the executive blame game, the fact that not even Meghan Markle is safe from cancellation. Netflix once benefited from, by far, the most sycophantic coverage in entertainment; now every Netflix headline comes with an “Embattled” at the beginning or an “Amid Cutbacks” at the end. It’s like reporters are atoning for all those skepticism-free stories over the years.