What you need to know
- Netflix has canned a slew of animated projects but says it isn't about saving money.
- Subscriber numbers fell by 200,000 last quarter and the company is laying off 150 people.
- Netflix recently canceled an animated project created by Meghan Markle, the Duchess of Sussex.
Netflix has reportedly canceled a number of animated projects including Wings of Fire, Antiracist Baby, and With Kind Regards From Kindergarten.
Now, Variety reports that more content has been slashed from the Netflix calendar, including a sequel to a documentary that is still set to go ahead.
While Netflix continues to deal with the news that it lost 200,000 subscribers last quarter, sources tell Variety that this latest round of cancelations isn't related to that — but rather a decision based on creative requirements. Whether that is accurate, however, we don't know — the company is clearly trying to save money and has already fired 150 people as part of that plan.
Netflix is currently struggling to deal with increased competition from the likes of Disney+ and Apple TV+, both of which are cheaper. Netflix — and Disney+, for that matter — plans to launch a cheaper ad-supported tier, while plans to prevent people from sharing accounts are also in the works. Whether that will turn people into additional subscribers or not, however, still remains to be seen.
Oliver Haslam has written about Apple and the wider technology business for more than a decade with bylines on How-To Geek, PC Mag, iDownloadBlog, and many more. He has also been published in print for Macworld, including cover stories. At iMore, Oliver is involved in daily news coverage and, not being short of opinions, has been known to 'explain' those thoughts in more detail, too.
Having grown up using PCs and spending far too much money on graphics card and flashy RAM, Oliver switched to the Mac with a G5 iMac and hasn't looked back. Since then he's seen the growth of the smartphone world, backed by iPhone, and new product categories come and go. Current expertise includes iOS, macOS, streaming services, and pretty much anything that has a battery or plugs into a wall. Oliver also covers mobile gaming for iMore, with Apple Arcade a particular focus. He's been gaming since the Atari 2600 days and still struggles to comprehend the fact he can play console quality titles on his pocket computer.
This was expected after the news of Netflix's viewership has decreased and now they are firing their employees. They should cut their subscription fees rather than cancelling their projects.
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