EXCLUSIVE: The CW is nearing renewal decisions on the three remaining scripted series in limbo, Superman & Lois, All American: Homecoming and Gotham Knights, sources tell Deadline. Because of the shows’ high price point compared to the lower-license-fees model the network is shifting to in pursuit of profitability, I hear two of the three series — Superman & Lois and All American: Homecoming — would return for another season, joining previously renewed tentpoles All American and Walker. UPDATE 6 PM: The CW has officially renewed Superman & Lois for a 10-episode fourth season and All American: Homecoming for a 13-episode Season 3.
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To make it happen, I hear producing studio Warner Bros. Television made a proposal about a reduced license fee it could make the shows for. While not close to the $1 million an episode the new CW regime had been targeting, I hear it was a significant reduction that could make the series feasible for the network while still making financial sense for the studio.
If the CW proceeds with renewing Superman & Lois and All American: Homecoming as expected, that would come with major budget cuts that would include reducing the number of series-regular cast members. Superman & Lois, now in its third season, has 12 series regulars; sophomore All American: Homecoming has nine. I hear the leads are not expected to be affected but supporting cast members likely would be. (Speeding up the decision is the fact that cast options are set to expire this week.)
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I hear that, in the event of a renewal, the CW likely would share some library streaming rights to Superman & Lois, which is now available on Max. (All American: Homecoming is on Netflix through a deal Warner Bros. TV made with the streamer last summer.)
Performance-wise, Superman & Lois has been on par with All American and Walker. But, with its superhero nature, it also is more expensive due to extensive special effects.
In addition to trimming the cast, the series likely would lean more heavily into its core premise as a family drama going forward while still honoring its superhero roots.