Streaming site Netflix has provided an explanation as to why it chooses to cancel as many shows as they do. Bela Bajaria, Netflix’s global head of TV ad Ted Sarandos, Netflix co-CEO unveiled that their standard TV program renewal rate was roughly 67% which is industry standard.
Bajaria had this to say: “We also do make a large number of first season shows, which sometimes feels that we have more first season cancellations but if you look at the renewal rate it’s really strong,” she continued. “I also think you have to look at The Crown, with season four launching now, Grace & Frankie and The Ranch, we’ve had long-running shows and we’re always going to have a mix that is great to be told in a limited-series form and shows that go on for multiple seasons.”
Sources claim that Netflix’s rate of cancelations run parallel to that of other networks. Ted Sarandos had this to say about the measure of success of shows being “outdated”: “I think many shows can be a success for being exactly what they are and you could tell that story in two seasons or one season or five seasons. I think it gets talked about so much because it’s measured against the old way of doing things.”
Stay in the know with the latest culture news