AMC Networks has pulled the plug on its adult animated sci-fi series Pantheon and removed it from the AMC+ platform, despite having already produced a second season of the program, and Netflix has canceled Inside Job, which it only just renewed for a second season in June of last year.
Why is AMC dropping Pantheon if it already produced a second season? Facing financial struggles, the decision to drop Pantheon was made months ago as part of wider programming writer-offs. In an SEC filing, AMC indicated cost-cutting measures of $300-$400 million earmarked for “strategic programming assessments” and another $50-$75 million for “organizing restructuring costs.” AMC has been experiencing turmoil at the top, and in November of 2022, AMC Networks CEO Christina Spade left the company after only three months in charge. James L. Dolan took over as interim CEO and the company announced there would be “significant cutbacks” coming. Pantheon was a casualty of those cutbacks, along with live-action shows such as 61st Street, Demascus, and Invitation to a Bonfire.
Why did Netflix drop Inside Job so shortly after renewing? The “Why?” here is harder to discern, as we don’t have SEC records to confirm anything and Netflix hasn’t made a public statement about the show’s cancelation. Inside Job being dropped by the streamer comes as a surprise considering the show was just renewed for a second season back in June of 2022, shortly before the launch of part two of season one. 2022 saw Netflix drop numerous confirmed titles though, so it’s becoming harder to be shocked by any such cancelations.