Why is Netflix ending The Crown with Season 5?

The Hollywood Reporter

The Crown will finish its run as one of the six longest-running shows on Netflix. In fact, few Netflix shows make it past Season 2. But while shows become more expensive as they age, The Crown was one of Netflix's priciest shows to make. "In making renewal decisions, Netflix weighs a show's costs against its viewership returns and other top-secret data, including completion rates," says The Hollywood Reporter's Lesley Goldberg. "That is to say, the streamer could reallocate some of its anticipated $17.3 billion spending budget this year to new programming more likely to attract new subscribers, rather than renewing a veteran series for an additional season should its internal metrics fail to impress."