If your favorite show was hastily canceled by Netflix, then consider it to have been a downright failure! Well, that is what Netflix wants us to believe and said in the latest mystifying interview with Bloomberg. Greg Peters and Ted Sarandos, Netflix co-CEOs, made a lot of odd statements but at the top of the list was probably this one from Ted Sarandos:
“We have never canceled a successful show. A lot of these shows were well-intended but talk to a very small audience on a very big budget. The key to it is you have to be able to talk to a small audience on a small budget and a large audience on a large budget. If you do that well, you can do that forever.”
For Netflix subscribers, however, there are issues with this statement, and many are outraged by such bollocks.
The big question everyone is speculating about is how on earth Netflix is even measuring the success of a show. Their formula appears to be focused on seasonal completion and hours watched measured up against budget. But come on! Where is their loyalty to the fanbase they have built up?
Instead of establishing review scores and important IP, they are stocking their library with a bunch of dead-end series. If budget is taken into account, then there are plenty of examples making this statement difficult to stomach, such as The Babysitters Club, I Am Not Okay With This, or Teenage Bounty Hunters just to mention a few!
Another questionable point I wonder about is if a Netflix series ‘failed’ how much is Netflix at fault here? Many subscribers who had to experience the loss of their favorite series noticed the lack of any notable promotion; therefore, it makes sense why it never got the attention it deserved.
Ah yes, the personification of an in-the-moment intriguing episode where the front-runner gets a series, and it lights up the billboard on our Netflix screen with soaring review scores only to be replaced within minutes by another fly-by-night that will eventually be canceled because Netflix can’t seem to tick all their perfect metric boxes!
Let me share some of the ludicrous statements co-CEO Ted Sarandos and Greg Peters made throughout the interview and decide for yourself if they are on the right track or not:
Ted Sarandos: “This meme of, I can’t find things on Netflix … I mean, hundreds and hundreds of stars that did not have a career before Netflix did because they were found on Netflix.”
Greg Peters: “We’re just getting started to make Squid Game not an unusual thing, but something that happens every week.”
Ted Sarandos: “Can you build a big business without [intellectual property] and without a library? We just did.”
Good to you, Sarandos and Peters, for sharing your confidence in your business, but your message seems to be delivered poorly to the major concerns Netflix subscribers have and many are just waiting to see what 2023 will bring to the table.