In an edited version of Spacey’s speech below, he touches on how Netflix, which has produced a handful of excellent original series this year, has the potential to disrupt the traditional cable and network TV model of forcing content creators to make a pilot before accepting a show.
For example, Spacey says there will be 146 pilots made this year at the cost of $300-$400 million. Only 56 of those will actually be made into a series. “That makes our ‘House of Cards’ deal for two seasons really cost effective,” Spacey says in the speech. [read]