Netflix CEOs Defend Cancelling Fan Favorite Shows Like 'Warrior Nun'

Netflix CEOs Ted Sarandos and Greg Peters opened up about the ongoing cancellation wave at the streaming giant, where several fan-favorite shows like "Warrior Nun," "Inside Job" and "Resident Evil" series got canceled.

However, Sarandos and Peters defended these cancellations, noting Netflix has "never canceled a successful show."

The CEOs explained during an interview with Bloomberg on Sunday that these shows were "well-intended but talk to a very small audience on a very big budget" due to which they were canceled.

"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," Sarandos said. "If you do that well, you can do that forever."

Sarandos hinted at the success of the Korean series, "Squid Game," which immediately got a renewal for the second season.

"It is very rare that a show like Squid Game from Korea would be as global as it was," Sarandos said. "Within 30 hours, the world was watching Squid Game with no human intervention to try to market Squid Game to the world.

Peters added, "We're just getting started to make Squid Game not an unusual thing, but basically something that happens literally every week."

Sarandos also pointed out the streaming giant has become a game changer for many stars, who didn't have a stable career before Netflix. He also addressed the meme, where people joke about how difficult Netflix has become to find content.

"We are equal parts HBO, AMC, FX, the Food Network, HGTV and Comedy Central. Lifetime," he explained. "You used to have to hunt through 500 channels of cable to find them all and now they're gonna be on Netflix."

Netflix has canceled several shows, including the animated series, "Inside Job." The show's creator Shion Takeuchi took to Twitter earlier this month to share he was "heartbroken." He thanked everyone who watched the show, and cared about the characters.

Other shows like "1899," "The Chair," "Dead End: Paranormal Park" and "Uncoupled" are also not returning on Netflix.

Other shows like "Aunty Donna's Big Ol' House of Fun," "Brews Brothers" and "Decoupled" were not officially announced to be canceled yet, but multiple outlets had reported about speculations regarding their return to the streaming giant.