Disney+ Cancels ‘20,000 Leagues Under The Sea’ Series ‘Nautilus’ Before It Ever Airs
The Walt Disney Company’s philosophical change in streaming has claimed another victim, as the company canceled its upcoming Nautilus series. The live-action Captain Nemo show was originally commissioned by Disney+ two years ago.
Nautilus is just the latest in a string of cancellations from Disney’s flagship streaming program, as the company continues to crack down on spending and push towards profitability in the sphere.
When Nautilus was initially announced, it was a different era in streaming. At the time, platforms like Disney+ were pushing full-speed ahead for new subscribers, and willing to spend billions on content to do so.
Disney’s New Streaming Strategy Is All About Profitability
In the post-pandemic era, however, things have changed. Wall Street is no longer as interested in subscriber count as it is in revenue and long-term profitability.
Earlier this year, Disney CEO Bob Iger announced that the company would be re-evaluating its streaming strategy, putting Disney executives on notice that the free-spending days had come to an end.
Since that time, Disney has removed many of its original series and specials. The company has subsequently announced that it was taking an impairment charge of approximately $1.5 to $1.8 billion from removed content.
‘Nautilus’ Was Finished
Like the recently canned The Spiderwick Chronicles, Nautilus will not arrive on Disney+ despite having already finished shooting. According to Deadline, Disney is working with the production team to find a new home for the show. Meetings and screenings for potential buyers are reportedly underway.
Nautilus was set to be a ten-part action-adventure series based on Jules Verne’s classic novel 20,000 Leagues Under the Sea.
The show would have delved into the origin story of Verne’s iconic literary character Captain Nemo and his famous submarine, The Nautilus.
The series was set to star Shazad Latif as Nemo, an Indian Prince robbed of his birthright, who finds himself a prisoner of the East India Trade Company. Bent on revenge and having lost everything, Nemo sets sail with a ragtag crew aboard the Nautilus.
In addition to Latif, the show would have starred Georgia Flood and Thierry Freemont.
The cancellation of Nautilus is not only a blow to fans who were excited to see the series come to life, but should also serve as a warning to Disney fans. The days of the original Disney+ series not tied to popular IPs are coming to an end. We have entered a new era of Diseny streaming.
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