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How HBO Kept ‘House of the Dragon’ Costs Under $20 Million per Episode (EXCLUSIVE)

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Jennifer Maas TV Business WriterHBO’s “House of the Dragon” cost under $20 million per episode to produce its 10-episode first season, which debuts Aug.

21, a source close to production told Variety.For comparison, “Game of Thrones” cost HBO around $100 million to per season. It’s per-episode price tag began at roughly $6 million in Season 1 and rose to $15 million for the show’s eighth and final season.If you’re wondering how HBO managed to keep the cost of “House of the Dragon” Season 1 from rising too much above what it paid for the final season of “Game of Thrones,” especially with even more CGI dragons expected to be flying around, the production insider says HBO is now so adept at these world-building series through years of not just “GoT,” but also producing “Westworld” and “His Dark Materials,” that the team can make a high-quality series as efficiently and effectively as possible.

Amazon’s upcoming “The Lord of the Rings” TV series “The Rings of Power” will cost approximately $465 million to produce its eight-episode first season, Variety has confirmed.

Sources confirmed to Variety that the hefty price tag for Prime Video’s “LOTR” Season 1, which debuts Sept. 2, includes startup costs for launching the series that will presumably be spread out over multiple seasons.On Thursday, The Wall Street Journal reported that sources close to production say Netflix shelled out $30 million for each episode of “Stranger Things 4,” which will launch in two batches in May and July.

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