With TNG, a much more popular show that was cheaper to remaster, if posted figures are to be believed, they are still millions in the red at this point.
Just looking at Blu-ray profits maybe. However, selling the HD licensing rights to HULU for only the first two seasons of TNG-R a couple years ago would have put CBS in the black. As an example, HULU just made a deal with Sony to stream Seinfeld for $700,000-$900,000 an episode. That's roughly $138 million! Figure (at least) $100,000-$200,000 an episode of TNG-R (x 48) and CBS almost certainly made their investment back, not even taking Blu-ray sales into account.
They never would have attempted the project in the first place if they hadn't pre-sold it.
Interesting point. All the figures posted however indicate the remaster of season one alone cost more than 9.6 million, our "inside" posters have rubbished the idea they did the whole show for 8-12 million.
Something there doesn't make sense though. The idea that TNG-R's first 25 episodes alone cost more than $9.6 million, but all 176 episodes of DS9-R will cost only roughly twice that? That can't possibly be right. DS9-R's estimated $20 million cost divided by 176 is roughly $115,000 per episode. Using that as an extreme upper limit for a typical TNG episode, Season One of TNG must have cost a great deal less than $3 million.
TNG, if it had paid for itself before it started, then we would be getting the other two shows on Blu!
Hmm, I'm not so sure that follows. Only truly spectacular Blu-ray sales might have led to that, but that was never in the cards. In any case, I suspect we're only going to get the other two shows if CBS can convince Amazon, Hulu, or Netflix to buy new licensing rights to some or all of their respective seasons as was done with TNG-R (its Amazon and HULU deals). CBS makes far more on these licensing deals than they ever could selling Blu-ray sets to a niche group of fans. We're talking about hundreds of thousands of dollars per episode.
As another example, earlier this year HULU paid CBS about $120 million for 300+ episodes of CSI, which works out to mid-six figures for each episode. If Seinfeld can command nearly $1 million per episode and CSI nearly half a million, then surely TNG is somewhere around half of that, so $200,000 - $250,000. I would expect DS9 would yet again be half of that, or $100,000 - $125,000. But maybe CBS hasn't yet been able to get the streaming companies on board at that price point. That's just a guess on my part, but it sounds plausible.
One thing's for sure, if people suddenly started watching a lot of DS9 or VOY on these services, those companies would be much more likely to fork over the cash to get them in HD, because they know their subscribers prefer HD.
