Reed Hastings Doesn't Want 'The Get Down' Cancellation to Discourage Netflix

You might have also noticed that the streaming service is notorious for being generous with second season renewals for their original series, but Hastings mentioned today that he'd actually like to cancel more of their original shows. "We're continuing to watch them and be impressed with them". I'm always pushing the content team: We have to take more risk; you have to try more insane things. Its high-budget epic-drama "Marco Polo" was also cancelled at the tail-end of past year after two seasons.

"You get some winners that are just unbelievable winners, like 13 Reasons Why".

Still, it's unclear from this one interview if pre-existing shows on Netflix are more in trouble than before; maybe it's just that Netflix won't approve some truly ridiculous new shows?

Alongside two major cancellations, Netflix CEO Reed Hastings hinted that there could and should be more cancellations to come.

Netflix allocated $6 billion to spend on original content this year and the company wants to increase that budget substantially to maintain its competitiveness in the industry.

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When asked if he thinks Netflix is nearing saturation in the United States given its aggressive expansion overseas, Hastings replied, "Absolutely if we kept the product the same".

"As we grow the membership base, we want to grow the current budget", he said. If anyone is going to do that, he would prefer to leave it to behemoths like Amazon, while Netflix remains more of an artsy specialty content creator.

Hastings also said he believes net neutrality could still be a guiding principle even if it's not technically the law of the land. "I think the principles of net neutrality are very well accepted by all the large ISPs around the world - not just in the U.S. and in many countries, we don't have net neutrality laws, but we don't have problems either", he advised. It has been eight years.

"If we try to out-Amazon Amazon, then that's a losing battle", he detailed. Hastings said what Netflix won't try to do is to move into multiple businesses the way Amazon has.

Speaking at a conference this week in California, the CEO stated that while Netflix thinks net neutrality is "incredibly important", it's "not narrowly important to us because we're big enough to get the deals we want".

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