Netflix cancels multiple “high profile” projects after losing subscribers

A new report from Netflix suggests that several “high-end” projects in the streamer’s animation division have been cancelled.

According to The Wrap, an adaptation of Bone, the comic book series featuring the animated Bone cousins ​​running out of Boneville, has been removed. The project was first announced in 2019.

Also on the chopping block are the witch-based animation Toil and Trouble and The Twits, an animated series of Roald Dahl’s beloved children’s book. Netflix “insists”, however, that the latter is still very much alive.

The news follows Netflix’s dramatic loss of subscribers in the first quarter of 2022. The streamer originally expected to gain 2.5 million subscribers in the same period.

CEO Reed Hastings addressed the sharp drop (via Metro), pointing to the figure for sharing passwords. Netflix’s trial to crack down on the practice in Chile, Costa Rica and Peru could be expanded to other regions, while a cheaper, ad-supported tier is also being considered.

However, one thing that is sure to catch the streamer’s eye in the coming months is Stranger Things season 4. The ’80s series has been split into two volumes, arriving on May 27 and July 1.

The fifth season, meanwhile, should be the last. At the end of the series, co-creator Matt Duffer told SFX magazine in their new issue, “Even with five, it’s going to feel like it’s ending a little bit early. We’re going to feel like we still have a lot of fuel left.” in the tank. But I think it’s better to end with us wanting more. That’s why finishing at five felt like the right decision.

To learn more about the streamer, check out the best Netflix shows you should be watching right now.

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