It’s because they take the value of the shows they remove and mark them down as a straight loss, it’s a ridiculous loophole. They are literally saying, “I have this thing that’s so valuable, but I ‘accidentally’ threw it away, it’s worthless now, I need to mark this down as a loss.” They are destroying their own products for tax purposes.
The Discovery channel boss started this trend when he cancelled that Batwoman movie, and now other streaming corps are following suit. Hopefully the law will catch up to prevent this kind of trickery, but for now it seems they are doing everything they can to reduce costs because they rushed to steal Netflix’s lunch without a solid business plan.
These movies are nothing alike. Armageddon is a dumb, fun action movie while Deep Impact is a character drama.
Deep Impact is a much stronger script, but Hollywood originally advertised it as an “apocalypse” movie like Armageddon, and most audiences have had trouble looking past that ever since.