Overview

• Netflix's decision to cancel the 'Kane Chronicles' adaptation comes after two years of development efforts.
• Rick Riordan, creator of the 'Kane Chronicles' and 'Percy Jackson' series, shared the news, noting the project is now in 'turnaround'.
• The cancellation is part of a broader trend in the streaming industry to reduce development slates and cancel more content.
• Despite the setback, the 'Percy Jackson and the Olympians' series on Disney+ has been a success, recently renewed for a second season.
• The fate of the 'Kane Chronicles' adaptation now depends on whether another studio is willing to assume preproduction costs and move forward.