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I guess to stop paying creators
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This is part of why the WGA is on strike
This. It's the new trend in streaming: Get better ROI for funding new content instead of paying residuals on your back catalog. The market is heading in a direction where subscribers won't just stick around forever if you're not constantly feeding them something new. So it makes more sense to put the money there instead.
"Max" has already dropped a lot of original content for this exact reason. And you can expect to continue seeing this trend across the streaming industry.
Remember the ongoing writers' strike? The pittance that they get paid in residuals from streaming is one of their main complaints. So you can expect the practice to accelerate after the strike is over.
The content will be shopped around to other platforms. You can probably expect some of it to end up on freemium/advertisement-based streaming services. The rest will just go into the proverbial vault.
What's weird is that Paramount HAS perhaps the best Freemium service: Pluto TV. One has to wonder if perhaps that is where Prodigy will end up (it may seem strange for a company to totally remove it from one streaming platform and move it to another that they also own, but the legalities of streaming rights are WEIRD. For example, some of the Looney Tunes shorts were removed from Max but can still be found on other WB/Discovery platforms, like their YouTube channel and the Boomerang streaming service- ultimately it was just an accounting trick)
Yeah this seems likely; they've supposedly cancelled the show as part of a content write-down (a bit like Discovery-Warner did, dumping shows, writing them off in their financial statments and not broadcasting them). It sounds like the shows makers have the rights to shop it around, and given season 2 is nearly complete it'll probably end up somewhere. Seems doubtful there would be a season 3 though.
Can someone please ELI5 this? If it's streamed on another service (which apparently it will), then wouldn't the creators have to be paid too? How does this all relate?
Paramount doesn't have to pay them, whoever picks it up does.