Just five months into 2022 and Netflix has been having a terrible year. After its massive success last year with shows like Squid Game amassing its huge revenue, the streaming service has been steadily losing subscribers this year due to the increased subscription prices, declining content quality and other factors. Now, it will be losing one of its most popular, fan-favourite shows Schitt’s Creek, to a rival streaming platform.
Created by Eugene Levy and his son, Dan Levy, Schitt’s Creek is a popular Canadian family sitcom that has accrued a gargantuan fan following ever since its inception in 2015.
It talks about classic rags to riches story while focusing on the trials and tribulations of the once affluent Rose family who try to settle into the suburbs of Schitt’s Creek after going bankrupt due to fraudulence.
Hilarious, heartwarming and captivating, this Emmy-winning show stars the Levy duo, Catherine O’Hara and Annie Murphy, in lead roles, all of whom have been appreciated with Emmys for their endearing presence. However, much to the chagrin of Schitt’s Creek fans, the show will find a new home in the American streaming service, Hulu, from October 3rd, 2022.
Netflix cannot stop sling to the current streaming services, despite staying abreast in the competition. In 2019, the streamer lost the streaming rights to Friends before snagging the rights to it once again. Within a year, Netflix lost rights to The Office, which is now back on the streamer.
This year, Netflix lost the licensing right to Marvel shows like Daredevil, Jessica Jones, Luke Cage, Iron Fist etc., all of which moved to Disney+.
Netflix is steadily producing Original content and adding classic titles but losing such epic, era-defining sitcoms might cost it adversely in terms of retaining subscribers.