Netflix (NFLX) is restructuring the new contracts that it is signing with the artists of its famous Comedy Specials. The streaming giant is reducing some of its expenses, which would give comedians less money while giving them more autonomy over their work. As per a WSJ report, the revised deal involves paying $200,000 in a two-year licensing agreement, lower than the approximately $1 million fee Netflix paid upfront for buying them outright earlier. This has increased the burden of production costs for the artists, who earlier could expend the upfront fees.
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