Netflix has canceled both V Wars and October Faction after only one season. The shows launched on December 5th and January 23rd, respectively. Netflix made the announcement after revealing that Locke & Key had received a series renewal. The streaming service did not reveal a reason behind the cancellations and they do not release their streaming numbers, so the decision was internal, based on their own data. It appears that the financial numbers were not worth what both shows had been gaining as far as streaming numbers are concerned, though that could have changed with a second season.
V Wars is a vampire drama series, which stars Ian Somerhalder and is based on Jonathan Maberry's bestselling book of the same name. Maberry's stories were first published in 2012 by IDW Publishing, and they debuted as a collection of prose stories that chronicles the first Vampire War. It is believed Somerhalder is already in talks with Netflix to work on a new project. It's not clear at this time what that is, or when it will be coming out. He worked on V Wars as a director, so he could be back behind the camera for the new project.
October Faction was also originally published by IDW. The story is based on monster hunters Fred (J.C. MacKenzie) and Deloris Allen (Tamara Taylor), who have to go into hiding while starting a new life in upstate New York. Things aren't exactly what they seem, and the show was starting to set up some pretty dark material. Fans will have to look towards the comic book source material to see how the rest of the story could have gone had Netflix renewed it for a second season.
V-Wars and October Faction aren't the only recent one-and-done streaming dramas at Netflix. They join Messiah, AJ and the Queen, Spinning Out, Soundtrack, and Daybreak, among others. The streaming giant is in competition with a ton of other streaming services out at the moment. Disney+, Amazon Prime, Apple, Hulu, and more are all coming out with promising original content, which doesn't even factor in HBO and Showtime, who are also producing their own quality entertainment too. When it comes down to it, we may end up seeing Netflix get a bit more selective with their own original content in the future, as far as development is concerned,
It's also important to note that both V-Wars and October Faction were not hits with the critics. So, we'll have to see what comes next from Netflix as the streaming landscape continued to evolve and change. With that being said, there are more people than ever looking to streaming services for entertainment and Netflix is currently dominating with the Tiger King docuseries. It's really all anyone can talk about at the moment. The Hollywood Reporter was the first to announce the cancellations of V-War and October Faction.