It’s been expected for a while, but now it’s happening. Marvel Television being folded into Marvel Studios who will from this point on control all of Marvel’s TV output such as the Disney+ limited series.
The Hollywood Reporter confirmed the news this afternoon, saying that projects currently being worked on will continue, such as Helstrom, but nothing new will come from the Loeb side of the company. This is probably why Ghost Rider was suddenly cancelled, and we’ll probably not see the other planned horror series on Hulu.
The bad news is that they report about a dozen people will be laid off due to the reduction of output.