Disney has canceled plans for the highly anticipated adaptation of The Spiderwick Chronicles, a fantasy book series for children. The series was set to be a live-action television show on Disney Plus.
The cancellation comes as Disney is looking to cut costs and focus on more profitable content. The company has been facing increasing competition from other streaming services, such as Netflix and HBO Max.
The Spiderwick Chronicles was a popular book series, with over 12 million copies sold. The books were praised for their imaginative world-building and relatable characters. The canceled show was set to star Oakes Fegley, who played Pete in the 2008 film adaptation of the books.
It is unclear why Disney decided to cancel The Spiderwick Chronicles. However, it is likely that the show was deemed too expensive to produce. Disney is also facing pressure from investors to cut costs, and the cancellation of this show is one way to do that.
The cancellation of The Spiderwick Chronicles is a disappointment to fans of the books. However, it is not the first time that Disney has canceled a highly anticipated project. In recent years, the company has also canceled a live-action adaptation of The Chronicles of Narnia and a Star Wars series called Rangers of the New Republic.
It remains to be seen what other projects Disney will cancel in the future. However, it is clear that the company is committed to cutting costs and focusing on more profitable content.