[vantassell]

Sadly the article doesn't really answer the question as to why, but it's probably because they keep making bad movies that they don't think will perform well.

To be extra clear, IMO this is not the fault of the creatives -- but the fault of the execs who ordered things to production.

[4death4]

The answer was pretty clear: the films were made for streaming and the new CEO doesn't think streaming is a priority and is choosing to write them off to save money.

[tonyedgecombe]

How does writing them off save money though? They have already been made, the costs of distribution are tiny.

[toomuchtodo]

Writing them off should require releasing them into the public domain.