Netflix has had a recent spate of cancelations for some of its TV shows. But, as it turns out, the streamer isn't afraid to pull off an HBO Max as it reportedly just canceled two completed films.
Hollywood is no stranger to completed movies getting canceled. Last year, Warner Bros. canceled Batgirl, using the movie as a tax write-off. Other studios such as AMC, Paramount, and Disney have also canceled some of their projects.
According to a report from The Hollywood Reporter, Netflix now canceled The Inheritance and House/Wife. The Inheritance is directed by Alejandro Brugués while House/Wife is helmed by Danis Goulet. The canceled movies will likely be shopped elsewhere by Netflix, so there's a chance we'll see them premiere on another platform.
Netflix may have offloaded the two movies in a bid to maintain the same level of spending on its content. Last year, the streaming leader spent around $17 billion on the content appearing on its platform. Netflix may be looking at maximizing profits from its premier movies.
Netflix recently canceled some of its TV series like Inside Job, Warrior Nun, and The Midnight Club. Despite all the evidence to the contrary, Netflix CEO Ted Sarandos insists that the company doesn't cancel truly successful shows.
"We have never canceled a successful show," Sarandos said. "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 at a large budget. If you do that well, you can do that forever."
The streaming giant has not officially commented on the cancelation of the two movies.
The Inheritance is a thriller starring Bob Gunton as Charles Abernathy alongside Rachel Nichols, Austin Stowell, Peyton List, Briana Middleton, and David Walton. The screenplay was written by Chris LaMont and Joe Russo.
The story follows billionaire Charles Abernathy who is celebrating his 75th birthday. He invites his estranged children to his home as he fears that someone is coming to kill him. The billionaire ensures that his children will protect him by placing their inheritance on the line. If he is found dead by dawn, his children will not get anything from his estate.
House/Wife revolves around the story of a mother who's recovering from an accident as she and her family move into a prototype smart home. However, things take a stranger turn as the AI system appears to have sinister plans for the family. The sci-fi thriller stars Alice Braga with Kris Holden-Reid and Sarah Gadon. Spenser Cohen and Anna Halberg wrote the screenplay for House/Wife.
If it's any consolation, Netflix isn't just all about cancelations. The streamer recently renewed The Recruit for Season 2 and it confirmed that the One Piece live-action film is coming later this year.