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Netflix Hit-Rate Takes a Hit

June 16, 2017

Netflix announced last week that it was canceling Sense8, an unusual science-fiction drama about eight people who become mentally connected, according to a report in Variety. It wouldn’t be news if it was another content provider — shows get canceled and renewed by channels regularly, based on their ratings and attractiveness to advertisers.

But it’s the fourth canceled show from Netflix Inc. (Nasdaq: NFLX) in the past seven months, a content provider that has had the Midas touch in recent years.

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