Companies

Fan Outcry as Netflix Axes 'Shadow and Bone', Pulls Plug on 'Six of Crows'

Published November 17, 2023

The content streaming giant Netflix Inc. NFLX has recently found itself in hot water with a segment of its viewership due to the cancellation of the popular series Shadow and Bone. The decision not only spells the end for the beloved show but also erases any hopes fans harbored for the much-anticipated spin-off, Six of Crows. This development has ignited a fiery response from the fanbase, who were keenly anticipating further adventures in the Grishaverse.

Cancellation Sparks Outrage

The announcement that Shadow and Bone would not return for another season arrived to the dismay of its ardent followers. Netflix, a company that has transformed the way audiences consume entertainment since its inception in 1997 by Reed Hastings and Marc Randolph, has been no stranger to controversy regarding its programming decisions. Yet, the decision to cancel Shadow and Bone, a show that has garnered a dedicated following and critical acclaim, has unleashed a particularly vehement backlash.

Implications for NFLX Investors

Developments of this nature are more than mere entertainment news; they have tangible implications for investors in the publicly traded company. The success or failure of Netflix's content lineup directly correlates with subscriber retention and growth, key metrics that investors watch closely in evaluating the company's performance. Although a single show's cancellation might seem insignificant in the grand scheme, it's the cumulative effect of such decisions that can have a broader impact on investor sentiment and Netflix's bottom line.

Netflix, Cancellation, Backlash