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Kevin Spacey's Netflix drama 'House of Cards' cost "way above" budget

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Kevin Spacey's House of Cards cost "way above" the allotted budget.

CAA TV literary agent Peter Micelli revealed how Netflix - and other digital media upstarts - make deals in Hollywood during a panel discussion at the UCLA Entertainment Symposium, reports Variety.

Kevin Spacey, Robin Wright in David Fincher's 'House of Cards' for Netflix

© Netflix

Kevin Spacey, Robin Wright in David Fincher's House of Cards for Netflix



Micelli told a crowd of more than 500 lawyers in the entertainment business: "The cheapest show is $3.8 million an episode. House of Cards started at $4.5 million and [executive producer David] Fincher took it way above that."

He also gave estimates for two upcoming Netflix series - Eli Roth horror Hemlock Grove and the Jenji Kohan comedic drama Orange is the New Black.

Micelli said: "The next series is Hemlock Grove and they're doing that for about $4 million an episode. Orange is the New Black is just under $4 million as well. They're huge-budgets shows, they're doing things in a huge way."

Actor Kevin Spacey arrives on the red carpet for the UK Premiere of 'House of Cards' at a Leicester Square cinema in London, Thursday, Jan. 17, 2013.

© PA Images / Joel Ryan/AP

Actor Kevin Spacey arrives on the red carpet for the UK Premiere



He also noted during the panel that Netflix is spending even more than broadcast networks are paying out for hour-long series, which rarely exceeds $4 million per episode.

However, he revealed that Netflix may face some competition soon for high-end programming buys from Microsoft.

Micelli divulged: "They'll pay a large percentage of the budget for it. They control it for four years exclusively and then you can turn around to re-sell to a linear cable channel.

"But right behind them is Xbox and Nancy Tellem. She's going in looking at it in a similar way to Netflix."

Watch a trailer for House of Cards below:

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