After numerous cancellations of many beloved series, Netflix has decided to share some insight into why it seems the company axes so many shows.

“We also do make a large number of first season shows, which sometimes feels that we have more first season cancellations but if you look at the renewal rate it’s really strong,” said Bela Bajaria, global head of TV, revealing its program renewal rate to be around 67 percent, which is what is claimed to be the industry standard.

“I also think you have to look at The Crown, with season four launching now, Grace & Frankie and The Ranch, we’ve had long-running shows and we’re always going to have a mix that is great to be told in a limited-series form and shows that go on for multiple seasons.”

Explaining how the current measure of “success” for a show may be a little outdated, co-CEO Ted Sarandos said at the Paley International Council Summit: “I think many shows can be a success for being exactly what they are and you could tell that story in two seasons or one season or five seasons. I think it gets talked about so much because it’s measured against the old way of doing things.”