Netflix CEOs Say Streamer Has ‘Never Canceled a Successful Show’
Netflix canceled 24 shows in 2022, and CEOs Ted Sarandos and Greg Peters are now explaining why the streaming giant chose to axe shows even if they have a large social media following. In the words of Sarandos, the network has “never canceled a successful show.”
“A lot of these shows were well-intended but talk to a very small audience on a very big budget,” he recently told Bloomberg. “The key to it is you have to be able to talk to a small audience on a small budget and a large audience at a large budget. If you do that well, you can do that forever.”
Due to the abrupt cancellation of fan favorites like Warrior Nun and Sense8, many television fans now have TV commitment issues, with many fearing wasting hours on a show that may disappear after one season anyway. Fans have taken to social media begging the streamer to reconsider the fate of their favorite shows with hashtags like ‘Netflix, correct your mistake.”
Sarandos used the extremely popular title Squid Game as an example. “It is very rare that a show like Squid Game from Korea would be as global as it was,” he said. “Within 30 hours, the world was watching Squid Game with no human intervention to try to market Squid Game to the world.”
Peters added, “We’re just getting started to make Squid Game not an unusual thing, but basically something that happens literally every week.”
At least Squid Game addicts can be reassured that the Squid Game Universe has just begun.
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The CEO's of Netflix are off there rockers and out of touch with the people that pay there salaries!
They canceled "Julie and the Phantoms" which won several awards. And many more fan favorites. So maybe they should start listening to the people that actually watch the shows they produce.
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They're not exactly selling their service here. Since they've cancelled so many shows, they're basically saying Netflix can't produce shows that reach a large audience. lol Quite frankly, I've always found their original content to be overrated anyway. This is why I laugh every time a network show is cancelled, and fans immediately resort to comments like, "I hope Netflix saves it!" Netflix hasn't been in the business of saving shows for YEARS now. They cancel their own shows after only 1-2 seasons. What makes you think they won't do the same to your show, even if they did save it temporarily? lol
Times have changed, people. You're better off asking the network to move it to their own streaming service now, since they all have one. CBS has had pretty good success with that, by moving SEAL Team, Evil, and Blood & Treasure to Paramount Plus. SEAL Team has been thriving on there. Netflix is now just as bad as the networks themselves, when it comes to cancelling shows.
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