Streamy Awards 2023
Shortly after Bob Iger reclaimed his place as CEO of The Walt Disney Firm, he made it clear that chopping prices can be a high precedence. He proceeded to put off 1000’s of staff and introduced plans to chop again on content material. The newest casualty of the cutbacks is a live-action adaptation of the kids’s fantasy e book collection The Spiderwick Chronicles for Disney Plus. The cancellation is very notable as a result of all of the episodes had been already within the can.
Deadline experiences that the eight-episode TV collection from Paramount Tv Studios and twentieth Tv has already been filmed and edited. Nonetheless, Disney not plans to place the collection on its streaming service. Subsequently, Paramount has determined to buy the collection to different networks and streamers that may be focused on shopping for it.
Holly Black, creator of The Spiderwick Chronicles, confirmed the report on Instagram. She famous that the present is “accomplished,” “nice,” and “not going to be on Disney+.” She can be assured that the present will discover a new residence however doesn’t know the place or when but.
The report goes on to clarify that The Spiderwick Chronicles is a part of the content material write-off that Disney introduced in Might. Disney has not confirmed this, however right here’s what Disney CFO Christine McCarthy mentioned concerning the write-off on the time:
We’re within the strategy of reviewing the content material on our DTC providers to align with the strategic modifications in our method to content material curation. In consequence, we will likely be eradicating sure content material from our streaming platforms, and at present count on to take an impairment cost of roughly $1.5 to $1.8 billion.
A day later, Deadline reported that the upcoming authentic Disney Plus collection Nautilus suffered the same destiny. It’s one more accomplished Paramount Tv Studios manufacturing that the studio will now store round to potential patrons.
Reportedly, Disney Branded Tv (which produces live-action content material for Disney Plus not within the Marvel, Star Wars, and Nationwide Geographic domains) will transfer away from non-Disney IP. If Disney doesn’t personal the property to start with, it simply gained’t be a precedence. That explains why Percy Jackson and the Olympians (primarily based on the YA novels printed by Disney’s Hyperion Books) is shifting ahead, however The Spiderwick Chronicles just isn’t.
Whereas we wait to see the place the collection lands, you’ll be able to hire Paramount’s The Spiderwick Chronicles film on Apple TV, YouTube, and Redbox.