"Wonder Man" was a particularly meta venture for Marvel Studios. So, the news that "Wonder Man" Season 2 has been canceled is a good opportunity to look closer at the behind-the-scenes reasons for Marvel's shifting strategy. In the first few years of Disney launching its own streaming service, huge amounts of money were being thrown at original content. It was essentially wartime spending: Disney+ was battling for subscribers in the streaming wars against other fierce contenders like Netflix and HBO Max. In his most recent newsletter, industry insider Jeff Sneider wrote, "I'm told that ['Wonder Man' Season 2's cancellation] is part of a larger strategy to effectively exit the live-action TV business.