According to this article published in the Wall Street Journal, It is quite possible that one or more of your favorite series is missing. Coming soon from Netflix programming. While still profitable, the world’s number one video streaming company is currently under threat from the rise of Amazon Prime Video. It’s time to increase profitability and its leaders want to save $300 million. This massive cut in spending means less popular shows will disappear from the screens.
To read – Netflix: Original movies are getting less and less appealing
Unfortunately with Netflix it has become a habit. Warrior Nun, 1899 and possibly Lockwood & Co; A small series nugget, you found a bit of a niche, but has become valuable to your heart, the platform has ceased production after a very promising first season. In the effect, these early dead shows are too expensive for reporting. Sense 8, for example, was one of the company’s most popular series, but it cost a lot. $9 million per episodebecause of its international distribution and a story that takes place in every corner of the world.
Netflix will stop funding many productions to increase profits
According to the American financial newspaper, this decision is also due to the postponement of the end of account sharing on the platform. The company had been announcing for a long time that this practice would soon be banned or at least sanctioned in one way or another, without taking action in all regions.
The leaders are well aware that the risk of losing millions of subscribers suddenly is too great, as evidenced by the bleeding that followed the implementation of this measure in Spain. It should be noted that the $300 million savings corresponding to the discontinuation of certain original productions is a small fraction of the company’s operating expenses, which are estimated to be approximately $26 billion in 2022.
Source : The Wall Street Gazette
