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The likelihood of getting 12 seasons (or more, not sure how many books they covered per season) was practically zero from the start. I wonder what those execs think when planning absurdly expensive fantasy series. Maybe customers don’t care that much about cancellations.
Yes, at a certain point even if the series is a runaway success - you run into issues with actors. Game of Thrones I believe, the main cast were getting completely exhausted by the time it ended.