Content, content and oh shoot! This series just got cancelled. Netflix is facing troubles with respect to content. On one hand, big media houses are pulling out their content and on the other, the video streaming platform is cancelling Netflix Originals.
Last year, Netflix started wielding the axe on its original shows. Till date, Marvel’s Iron Fist, Luke Cage Daredevil and The Defenders. Recently, Netflix cancelled the two remaining Marvel franchise shows Jessica Jones and The Punisher. Beyond Marvel franchises, Netflix has been swinging the axe on multiple originals such as, Drew Barrymore starrer Santa Clarita Diet, Friends from College, American Vandal, Travellers, amongst others.
The cancellation of the Marvel franchises comes at a very convenient time as last year Disney announced that it will launch an OTT platform, Disney+. Parent to Marvel Studios, these cancelled Marvel shows will have no trouble finding a new home at Disney+. Already, Daredevil and Iron Fist has signed an overall deal with Disney+.
However, on May 16, CW announced that it will not be renewing its contract with Netflix, effectively halting the entry of new shows such as Batwoman, Nancy Drew, and Riverdale spinoff Katy Keene on Netflix. This was preceded by Disney, and WarnerMedia and AT&T’s decision to pull out their content, respectively.
Nonetheless, not all is gloomy and dark. With a lot of cancellation there are also originals which have been renewed. Shows such as The Crown, Black Mirror, Stranger Things, Ozark, Glow and 13 Reasons Why will be back on the site for viewers to enjoy.
With the explosion of online streaming channels, Netflix needs to be on top of their game now more than ever. With Amazon’s decision to beef up its content to Disney+ being rolled out, Netflix has a was on its hands and it seems it has been cornered. Will Netflix be able to fight its way out of the corner and claim the number one spot or will it be left behind in the dust?