HBO Max Reportedly Pulls Second "Scooby Doo" Project Mid-Production
(boundingintocomics.com)
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They already had a second season of Velma produced and ready for release before the first aired, so it was always going to happen. It remains to be seen if it continues after that, but this is an indication that HBO doesn't think Scooby Doo as a franchise is profitable, which amounts to an admission that Velma is a failure.
What is it going to take for executives to realize that they're actively killing off their fifty year old franchises that literally print money? I know that "The Message" is being pushed by active saboteurs, but surely there are some old-fashioned execs in it for the money who can put two and two together.
...Then again, considering the intelligence and critical thinking skills of your average executive....