author_name|Amrita Khalid language|en-US provider_name|Engadget region|US site|engadget

Netflix cancels Meghan Markle’s animated series Pearl

Netflix tightens its wallet after a drop in subscriber numbers. Deadline reported streaming platform has been canceled producing over pearlis an animated series created by Meghan Markle before it ended. The project was part of a multi-year production deal that Markle and Prince Harry signed with Netflix in 2020. The animated family series followed a 12-year-old girl learning about influential women throughout history. The show is the latest casualty in recent cost-saving measures, including firing most of the writer’s staff for the publisher’s fansite project and canceling the show. space force. He also canceled two other children’s animated series, Dino Nursery and blessings and curses, reported People.

Netflix approved with CNBC has been canceled pearl It is part of the strategic decisions it takes around the animated series. The platform has invested heavily in animation since 2018 and is run by Loup Ventures. 5 billion dollars in original animated content this year. But the company’s boomtown mentality seems to have changed, at least for now.

The company’s market cap plunged a staggering $60 billion last month after a disappointing first-quarter earnings call. The streamer lost nearly 200,000 subscribers in the first few months of 2022. to reject in almost ten years. Competition from rival platforms such as Disney+ and Hulu has resulted in a shutdown and suspension of service to Russia. common password sharing.

Deadline reported A number of projects are currently in the making through Archwell Productions, the production company owned by Markle and Prince Harry. documentaries At Invictus Games.

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