from netflix shrinking subscriber base and the price of the shares are a reckoning for the company, which casts doubt on its growth prospects in the increasingly competitive streaming business.
“In almost every impasse they’ve faced before, the company found a way to maneuver safely before hitting a wall,” analysts at MoffettNathanson Research said in a report. “This time around feels different, though, as the Q1 2022 earnings release, investor letter and video interview portrayed a company that was more surprised by things and less clear than ever about the path to follow, continue”.
In response, Netflix is already moving to cut costs by pulling the plug on a number of shows. The Latest Victim is an animated series created by Meghan Markle, known by its working title “Pearl,” which was one of several shows developed by her and Prince Harry’s Archewell Productions as part of the royal couple’s estimated $100 million deal with Netflix.
Given the pressure to produce award winning shows and compete with multitude of other streaming services, Netflix’s recent cancellations underscore that virtually no series is safe. How does Netflix decide which shows to cut? Cancellation and renewal decisions “are based on viewing data, not cost,” according to Variety.
These are the shows Netflix has canceled so far in 2022.
The Latin drama “Gentefied,” produced by America Ferrera of “Ugly Betty” fame, was canceled in January after two seasons. Created by Marvin Lemus and Linda Yvette Chavez, the critically acclaimed series premiered on Netflix in February 2020 and focused on the life of a Mexican-American family. He gained a devoted fan base, many of whom praised the show for its realism.
cooking with paris
Touted by The Guardian as “a rare work of comic genius” but panned by critics on Rotten Tomatoes as “a missed opportunity,” the parody of Paris Hilton’s cooking show featured celebrity guests, diamond-encrusted utensils and words that TV chefs don’t often use, like “Ew.” The show was cut after only six episodes. At least fans got to see Paris and Kim Kardashian make a frittata.
Unlike other shows on Netflix’s chop, the short-lived “Another Life” was never a hit with critics. Fans of the sci-fi series learned of its demise after two seasons, when the show’s star, Katie Sackhoff, who played astronaut Niko Breckenridge, confirmed the news in Twitter. “I’d like to thank all the single people who watched and supported Another Life on Netflix. To our crew and cast, thank you for always working so hard and being ready. I wish we could do more seasons, but it’s not in the cards sadly.” . See you in the next adventure. I love Niko,” the actress posted.
the babysitters club
A comedy based on Ann M. Martin’s best-selling books, “The Baby-Sitters Club” focuses on a group of young people starting a babysitting business. Described by Entertainment Weekly as “a heartwarming reboot” and by Vanity Fair as “almost perfect,” the show earned a 100% score on Rotten Tomatoes and even ranked #9 on Netflix’s Top 10 for one week, according to Collider. .com. However, when it came to viewership numbers, quality did not lead to quantity. Netflix decided to end the teen series after two seasons, much to the dismay of fans and critics alike.
Netflix’s April decision to cancel the children’s superhero series “Raising Dion” after two seasons prompted many heartbroken emojis on social media. Based on a comic book by Dennis Liu and produced by Michael B. Jordan of “Creed” and “Black Panther,” the series tells the story of a recently widowed single mother (Alisha Wainwright) whose struggles raising children sons reach new heights after discovering that their 8-year-old son (Ja’Siah Young) possesses superpowers as a result of his late father’s scientific experiments.
The Netflix sitcom was about a Harvard-educated young woman (Emily Osment of “Hannah Montana”) who moves in with her bubbly West Coast sister (Olivia Macklin) after her boyfriend dumps her. Follow the comedy, but only for one season. Netflix canceled the show, which received lukewarm reviews, last week.
After initial fanfare about its development, “Pearl,” the working title of a family-focused animated series created by Meghan Markle and centered on the adventures of a 12-year-old girl inspired by women from history, is the latest show. discarded by Netflix. . The Duke and Duchess of Sussex’s Archewell Productions announced the deal in July 2021. The Associated Press reported that Markle would serve as executive producer on the show alongside filmmaker (and Sir Elton John’s husband) David Furnish, who served as producer. . in “Rocketman” and “Sherlock Gnomes”.
“I am thrilled that Archewell Productions, partnering with the powerful platform of Netflix and these incredible producers, together are bringing you this new animated series, which celebrates extraordinary women throughout history,” Markle said in a statement at the time.
The pair signed a multi-year deal to produce nature series, documentaries and children’s programming for the streaming platform in 2020.