Last week, Netflix decided not to renew Iron Fist for a third season, despite the fact that Season 2 was a definite improvement over the first one. This is the first Marvel TV show to be canceled by Netflix; Defenders doesn't count, since it was always meant to be a one-off miniseries.
With the Disney Play streaming service looming on the horizon, many have wondered if all of Marvel's on-air content (including Iron Fist) will be absorbed by the upcoming streaming service. Luckily, you don't have to worry about that, according to Ted Sarandos, Netflix's chief content officer. Per Inverse, Sarandos offered a curt but definitive answer about the future of Marvel Television on his company's streaming platform.
“Those shows are for us to cancel,” he said, “and we’re super happy with their performance so far." That basically confirms that the decision to cancel Iron Fist was not an order from Disney, but a call made by Netflix. Presumably due to low viewership or interest, though that data is anyone's guess, since Netflix doesn't make it public.
There were also theories Disney might've wanted Iron Fist for its own streaming plans, but that doesn't seem likely at this point. Disney Play is meant to be a more family-friendly service through and through, which means that the dark, gritty, and sometimes violent Marvel shows on Netflix would likely not be a good fit within those parameters.
Season 3 of Marvel's Daredevil arrives on Netflix tomorrow, Oct. 19.