When you picture the offices at Netflix, do you just imagine executives throwing handfuls of cash at TV producers? It doesn't seem that far off. This year, the streaming service behemoth is projected to cough up US$6 billion ($8.2b) on content, ranking only behind ESPN in spending.
For years, Netflix was seen as the dream spot for TV shows: a seemingly unlimited budget, and without the pressure of ratings because executives don't reveal them. So even though you may have never heard of shows such as Flaked or Haters Back Off, it wasn't too surprising that they were renewed. However, that era of Netflix may be coming to an end.
The company confirmed Saturday that Girlboss has been cancelled after one season. The dramedy - an adaptation of e-retailer entrepreneur Sophia Amoruso's book - didn't get great reviews, but it certainly had loyal fans. It appears that's no longer enough to ensure a second season.
Girlboss is the third Netflix show in a month to get cut, following Baz Luhrmann's musical drama The Get Down (one season) and Lana and Lilly Wachowski's sci-fi series Sense8 (two seasons).
Last month, Netflix chief executive Reed Hastings told CNBC that "our hit ratio is way too high right now" and acknowledged the company had very few cancellations.
