Netflix Wants to Cancel More Shows, CEO Reed Hastings Explains Why

Netflix CEO Reed Hastings

In what many critics are deeming a renaissance of modern television, Netflix has been a large component at the forefront of new and influential programming. The streaming service took a huge risk when deciding to pay the expensive costs of producing original series such as House of Cards and Orange is the New Black, when that was not much of a practice among the major streaming services at the time, and it seems to have paid off. Today, Netflix has been firing on all available engines in regards to the production of original content that can only be viewed on their streaming service. However, it appears that their exclusive programming strategy is going to include some casualties as it progresses, according to the Netflix CEO Reed Hastings.

Reed Hastings recently had an extensive talk at CNBC, discussing the streaming service’s business aspects and future. In this interview, Hastings acknowledges the many hit shows that Netflix has produced and hosted, attributing it heavily to Netflix’s willingness to take risks on creative shows that push the envelope for the medium of television. He also believes that despite these many risks paying off more often than not, they should be cancelling more shows than they currently do, saying:

Our hit ratio is way too high right now. So, we’ve canceled very few shows … I’m always pushing the content team – we have to take more risk; you have to try more crazy things. Because we should have a higher cancel rate overall.”

Netflix certainly has had quite a few hits, even very recent ones, such as 13 Reasons Why. Hopefully though, they do not go too extreme with cracking several eggs to stream a delicious digital omelette. What do you guys think about the Netflix CEO’s statements about cancelling more shows? What Netflix shows do you hope to see stick around? Let us know in the comments below. Be sure to stay tuned for the latest Netflix news, such as the new trailer for the new Castlevania animated series coming to Netflix, here on Don’t Feed the Gamers! Follow us on Twitter to see our updates the minute they go live!

Cory Lara1162 Posts

A royally radical and totally tubular 90s kid, Cory has a passion for all things nerdy, particularly gaming and nostalgia. While an accountant by day, he strives to be as creative and humorous as possible in his free time, be it here writing on Don't Feed the Gamers, or making dumb satirical posts on his Twitter, Youtube, Facebook and Instagram accounts.

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