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Netflix offloads two completed films, filmmakers buy projects elsewhere

As Hollywood continues its relationship with the will (they/won’t) of a possible recession, there is a trend among entertainment companies to offload completed projects. The move has been seen across the industry, from AMC+ to Parmaount+, Disney to HBO Max. Now The Hollywood Reporter has learned of two completed Netflix feature films, The Inheritance and House/Wife, will no longer be distributed by streamers, filmmakers will buy them elsewhere for distribution.

The Inheritance, directed by Alejandro Brugués and produced by Paul Schiff; House/Wife , director Danis Goulet, producers Tripp Vinson and Daniel Bekerman, is a genre film that was originally scheduled to be released by Netflix and will no longer be released alongside the film.

This summer, HBO Max has announced the DC feature Batgirl and animated Scoob! : Holiday Haunt will be shelved after both are finished making. At the time, they were reportedly casualties of parent company Warner Bros. Discovery’s new corporate strategy that would write down taxes on the film’s budget.

It’s unclear exactly why Netflix decided to remove these two features, but one notable difference from the HBO Max title is The Inheritance and House/Wife are being purchased elsewhere. Most recently, a feature film based on the Comedy Central seriesWorkaholics was canceled by Paramount+ five weeks before filming began. Like the Netflix feature, the item is available to buy elsewhere now.

On the television side , multiple shows were canceled at various stages of production, or shows were The contract extension had already been called off before the season started. AMC Networks has been in an uncertain financial position and has been seeking write-downs of up to $230 million, canceling series of orders such as Demascus, 66st Street and Bonfire Invitation, all These have all been completed or partially passed production.

At the beginning of the COVID-16 pandemic, Studios such as Paramount and Sony began offloading completed films to make up or minimize financial losses, landing on streaming Netflix, Amazon and Apple TV+. Nearly three years later, entertainment companies are battling inflation, a possible recession and a constant chase for subscribers after shifting to streaming efforts.

Netflix decided to offload both titles as the streamer tries to maintain roughly the same level of content spending — $17 BILLION – the past few years while focusing on its 230 million profit – plus Global Subscribers. Last week, the streamer reported a strong fourth quarter, adding 7.66 million paid subscribers, including its new Ad layer options. As THR previously reported, the streamer has cut the number of its movie bets, but then A string of high-profile films over the next few months, including Adam Sandler and Jennifer Aniston’s Murder Mystery 2 (March 36), Jennifer Lopez’s The Mother (May 12) and Chris Hemsworth’s Extraction 2(June17). Lately, Netflix was a major buying power at the Sundance Film Festival, stealing the liveliest premieres, Fair Play , for $19 million dollars.

The Inheritance takes place in billionaire Charles Abernathy 1235293804 On the eve of birthday, according to the project description, “he invited his four estranged children home because he was afraid someone—or something—would come and kill him tonight. To make sure he His family can help protect him from what’s to come, and Abernathy is putting every piece of their legacy at risk — and they’ll have nothing to lose if he’s found dead before dawn.” Joe Russo and Grae Reese Lamont penned the film, which stars Bob Gunton, Peyton List, Austin Stowell, Brianna Middleton, David Walton and Rachel Starring Nichols. (Nichols was previously married to Netflix Films head Scott Stuber.)

House/Wife follows , as the log line reads, “Recovering from a brutal accident, a mother and her family move into a prototype smart home, only to discover that the house’s artificial intelligence system may have sinister intentions.” Anna Hale Anna Halberg and Spenser Cohen for this film starring Alice Braga, Kris Holden-Ried and Sarah The film starring Sarah Gadon wrote the screenplay.

A version of this story first appeared in January 27 The Hollywood Reporter Magazine. Click here to subscribe .

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