Netflix cancels four TV series to cut costs

Netflix has canceled four original series, including some with dedicated fan bases, as part of a cost-cutting strategy. The streaming giant aims to optimize its content portfolio in a competitive market. The canceled shows include "The Empress," which will conclude with a third season, and "The Sandman," which will end after its second season. "Territory" and "The Recruit" were also axed, leaving their storylines unfinished. This decision reflects Netflix's need to balance content quality with long-term economic sustainability amid increased competition and rising production costs. The platform uses metrics like completion rates to evaluate a show's performance.