Mad About The CW Cancellations? Blame Streaming, But Also Its Unusual Corporate Structure https://t.co/jVf50jl0eF— The Hollywood Reporter (@THR) May 13, 2022
-This past month has been the Red Wedding of cancellations for TheCW with them cancelling 10 shows.
-TheCW spent the last decade being the safe space for shows to live long and prosper but that is no longer the case due to various circumstances...such as everyone wanting in on the streaming wars.
-For majority of its run, TheCW (and thereby WB/CBS) made majority of its money from selling their shows overseas and to Netflix with their last Netflix deal being for $100mill for exclusive rights to stream their shows 7 days after they aired their finale.
-3 years ago TheCW opted not to renew their Netflix contract and all new shows would go to either HBO Max or Paramount+ depending on who produced the show and the studios wanting their shows back to build their own libraries (Netflix has exclusive rights to a series for 5 years following its series finale)
-With TheCWs income coming from primarily selling their shows streaming rights no longer a thing it has prompted CBS/WB to cut back on costs.
-TheCW had planned on renewing Batwoman and Legends of Tomorrow but the studio lot that they rent out in Vancouver expired May 1st and WB was not interested in renewing the contract so TheCW was forced to cancel the shows.
-With the cancellations comes the end of the Netflix era as only 3 shows remain on TheCW that are grandfathered into the Netflix streaming deal (The Flash/All American/Riverdale) Any hope to save shows such as Charmed, Legacies, LoT, Dynasty, etc. would land on Netflix as they have hold the rights to the shows for 5 years following their finales.
-WB/CBS are also looking to sell their majority share in TheCW and are potentially attempting to make it more appealing with having shows not tied down to previous deals and those that are still able to bring in money.