, The Midnight Club,
, and Archive 81 are only a few of the titles Netflix canceled in the last year. If we're to believe the Netflix executives, the aforementioned shows had it coming.
In a recent interview with Bloomberg, Netflix CEOs Ted Sarandos and Greg Peters were given the chance to explain to fans why they've canceled so many popular shows, and according to Ted Sarandos, the American streaming service has never terminated a show that it considered to be successful. 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 at a large budget. If you do that well, you can do that forever. Sarandos then used the success of the South Korean survival drama hit show Squid Game to back up his point, saying: It is very rare that a show like Squid Game from Korea would be as global as it was. Within 30 hours, the world was watching Squid Game with no human intervention to try to market Squid Game to the world. Greg Peters doubled down on this, stating: We're just getting started to make Squid Game not an unusual thing, but basically something that happens literally every week. Jung-Jae won an Emmy for Outstanding Lead Actor in a Drama series.