Is this the end of the Netflix era? Until recently, the platform was considered the home of many creators, with the guarantee that they would be able to design ambitious projects with a comfortable budget and guaranteed artistic control of their work. Which currently no Hollywood studio can promise except a few privileged filmmakers (and still).
The significant drop in subscribers announced earlier in the week (200,000 users) led to a 30% drop in the Netflix stock exchange. Much more than a mere turbulent period, this negative assessment allowed by the platform (for the first time in its history) is accompanied by even more negative forecasts for the coming months.
Therefore, in preparation for the inevitable drop in turnover, Netflix decided to revise its strategy by significantly reducing its budget. A decision that had a huge impact on his animation department while the first wave of dismissals had already been observed, namely the departure of his Creative Management Director and Original Animation Development Director, Phil Rinda.
Baby Boss as a role model
Netflix’s new strategy will be to develop only high-potential projects, such as the animated series Baby Boss (produced by Dreamworks), which is regularly cited by platform leaders as a model to follow. Movies and series that do not fit into a favorable economic model are therefore no longer welcomed on Netflix, a decision that also affects existing production projects.
Thus, the adaptation of the comics Bone By Jeff Smith, which was developed over several years ago, canceled Netflix even before it aired! A similar fate befell other projects such as Lauren Faust’s new creation (My Little Pony: Friendship is Magical). Originally developed as a series, an adaptation of the novel The Two Rascals Will see the light of day by Roald Dali, but in the form of a feature film.
If the first phase of this recovery plan, which does not yet bear his name, only concerns the animation sector, it all suggests that other Netflix departments will also suffer from these budget constraints.
Fearing that Netflix is ​​exclusively dedicated to the development of a franchise run by celebrities with XXL salaries and gradually abandoning more independent projects led by prestigious directors such as Jane Campion and Alejandro Gonzalez Inarritu …
Source: allocine
Camila Luna is a writer at Gossipify, where she covers the latest movies and television series. With a passion for all things entertainment, Camila brings her unique perspective to her writing and offers readers an inside look at the industry. Camila is a graduate from the University of California, Los Angeles (UCLA) with a degree in English and is also a avid movie watcher.
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