After a disastrous quarterly report that saw stocks tank by over 30 percent of their value, Netflix has now announced that it will be ending its work on several projects, including Dr. Ibram X. Kendi’s children’s show, “Antiracist Baby,” and other woke works.
“Wings of Fire,” “With Kind Regards From Kindergarten,” and other shows, including Kendi’s, were scrapped.
“The decisions not to move forward with these projects were creative rather than cost-related, meaning they would have taken place regardless of the company’s slower revenue growth,” Variety writes on the matter, saying that Netflix specifically pulled the plug on the projects for non-cost related reasons.
The company also recently laid off 150 employees in an attempt to cut costs.
The streaming giant saw its first decline in subscribers in over a decade, losing 200,000 subscribers in 2022’s first quarter. Stocks hit lows not seen in years. In January of 2022, Netflix stock was at $597.37 per share. Now, that figure is below the $190 mark.
Netflix recently said in a company culture memo that they would not be censoring specific artists or voices, even if the content is “harmful” to some. “If you’d find it hard to support our content breadth, Netflix may not be the best place for you,” the memo states.
“Entertaining the world is an amazing opportunity and also a challenge because viewers have very different tastes and points of view. So we offer a wide variety of TV shows and movies, some of which can be provocative. To help members make informed choices about what to watch, we offer ratings, content warnings and easy-to-use parental controls.”
“Not everyone will like — or agree with — everything on our service,” the memo says. “While every title is different, we approach them based on the same set of principles: we support the artistic expression of the creators we choose to work with; we program for a diversity of audiences and tastes; and we let viewers decide what’s appropriate for them, versus having Netflix censor specific artists or voices.”