Netflix Founder Wants to Cancel More Shows

Jenna Warner
June 3, 2017

Its high-budget epic-drama "Marco Polo" was also cancelled at the tail-end of previous year after two seasons.

Asked how concerned he was about President Trump's and his administration's decision to change the rules regarding net neutrality, Hastings said: "We will see if they do change the rules. They are helping to grow the industry because they are investing in the content".

Among separate comments in the wide-ranging interview, Hastings confirmed that Netflix had "no plans" on news and sports.

Netflix once stood alongside internet giants like Google, consumer advocates and Democrats in pushing for harder rules that ensured internet providers treated traffic equally. Backed up with an extremely successful in-house production, Netflix further ventured into making their own shows under their Netflix Originals banner.

"So, we've cancelled very few shows ..." Assuming Netflix shifts its focus to curating fewer shows, or cutting more shows lose, it's possible they'll be spending more money on less content, which could (theoretically) increase quality overall. He said the company's subscribers continue to get all the content and enjoy unlimited viewing.

That said, it's not like Netflix only finds super safe shows. According to him, the industry is growing as people want to watch on-demand.

"Never has there been a more truly global show with an equally diverse and worldwide cast and crew, which is only mirrored by the connected community of deeply passionate fans all around the world". Sure, there are also much more traditional Netflix originals like Flaked and Real Rob, but Netflix originals tend to be fairly diverse and touch upon relatively sensitive issues as a rule. But Hastings noted that even big bets like "Get Down" and "Marco Polo", another big-budget drama series that was ended after two seasons, only comprise 1% of a content budget that is expected to reach $6 billion in 2017. It's like they are trying to repeal the basic laws of business, of limited capability.

Hastings went on to add that content acquired by Netflix is "fundamentally a creative bet".

Speaking at a conference this week in California, the CEO stated that while Netflix thinks net neutrality is "incredibly important", it's "not narrowly important to us because we're big enough to get the deals we want".

Other reports by Insurance News

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