Someone tell Netflix that canceling popular shows isn't the way to bring back audiences.
Just weeks after confirming that it's bleeding subscribers, the streaming giant has canceled one of its most notable shows, Space Force, after two seasons. The workplace comedy show, which starred Steve Carrell, John Malkovich, and Ben Schwartz, premiered in May 2020 and enjoyed a relatively successful second-season run last February. Although the show has received mixed reviews overall, it's a hit among audiences and is a constant source of entertainment as well as memes over the internet.
Unfortunately, it appears that Netflix doesn't see a future with Space Force in its library, as per Deadline.
Netflix hasn't hit rock bottom yet, but it's definitely on its way there. Netflix revealed that its first subscriber loss in 10 years is just the start as it's staring at losing potentially millions more by the second quarter. The news resulted in a significant drop in the value of Netflix's shares, prompting management to cancel many shows in a presumed attempt to cut costs and tighten belts to prepare for worse times.