Netflix PAY CUT Shocks K-Drama Stars! | Byeon Woo Seok & Solo Leveling
Did you know K-drama production has plummeted this year? The reason might surprise you. Netflix, the streaming giant that once fueled the Hallyu wave with massive budgets, is now tightening its purse strings. Reports reveal Netflix has slashed its actor fee cap to ₩300 million KRW (about $220,000) per episode, a significant drop from the billion-won paychecks of yesteryear. This news comes as rising star Byeon Woo Seok, fresh off the success of "Lovely Runner," joins the cast of Netflix’s highly anticipated "Solo Leveling." While fans dream of a record-breaking deal for Byeon, insiders predict his pay will likely fall under the new cap. However, it's not all doom and gloom. Exceptions exist for larger-scale projects and seasoned stars, with potential pay bumps up to 40% on offer. Netflix’s move to curb spending comes amidst concerns over inflated production costs impacting the Korean drama landscape. The streamer aims for sustainable growth, even expressing concerns about runaway budgets for hits like "Squid Game." So, what does this mean for the future of K-dramas? Subscribe to our channel for exclusive updates and in-depth analysis on how these changes will impact your favorite oppas and unnies!
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