No, ‘Wednesday’ Isn’t Leaving Netflix

Wednesday – Picture: Netflix

One of Netflix’s largest hits has been within the headlines within the final couple of days with hypothesis that it will not be heading again to Netflix for a second season and “leave” as an alternative. 

On December 2nd, The Independent launched a report (which was ribbited by the likes of NME, HITC, Metro, and Giant Freakin Robot) that advised that as a result of MGM Television has a brand new proprietor, Wednesday season 2 may go away the service for Prime Video.

Their reasoning behind the headline is that MGM acquired purchased out by Amazon, so any new seasons may go to Prime Video as an alternative.

Having spoken to a number of business consultants and sources, this report relies on pure hypothesis, not precise proof, and the ball is in Netflix’s court docket, not Amazon’s.

One supply tells us Amazon may escape of the contract early nevertheless it wouldn’t be straightforward.

Our understanding of how this works is that Netflix primarily owns the “option” for the title for a hard and fast time period, which suggests Netflix has final management over the way forward for the sequence for the foreseeable future. Our intel means that if the present isn’t renewed for a season 2, Netflix hangs onto season 1 for ten years following its launch (that means it’ll stream till 2032).

This applies to all “rented IPs” to a level, whether or not it’s the likes of The Sandman from Warner Bros. Television or Orange is the New Black from Lionsgate Television.

The solely time in Netflix’s historical past we’ve seen a Netflix Original pulled is with Disney purchased again the rights to Daredevil, The Punisher, Jessica Jones, Luke Cage, and The Defenders early as a part of a “Content License Early Termination” which value the corporate over a billion {dollars} (if no more given the exhibits ended prematurely).

MGM Television additionally works on Netflix’s Vikings: Valhalla, which returns in January 2023 for season 2 and has been renewed for a 3rd season as a part of an preliminary upfront order.

MGM Television additionally works with a handful of different distributors apart from Netflix. For occasion, it continues to work on The Handmaid’s Tale for Hulu.

When season 2 of Wednesday shall be renewed is extra of a query of when than if with Netflix’s head of U.S. and Canada scripted sequence, Peter Friedlander, telling Variety last month that he was “optimistic” on its renewal probabilities.

Netflix didn’t present remark for this text.

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