The Paramount Network has cancelled epic fantasy show The Shannara Chronicles after two seasons.
The TV series, based on the fantasy novels by Terry Brooks, debuted on MTV in 2016 before moving to Spike for its second season last year. Spike has been rebranded the Paramount Network, which is inheriting many of Spike's shows but not Shannara. The fantasy show featured extensive visual effects and location shooting in New Zealand, so was on the expensive side. With the second season (which, by looks alone, had already had a significant budget cut) bringing in only 500,000 viewers even after time-shifted and online viewings were factored in, it's unsurprising that Paramount was unwilling to move forwards with a third season.
The producers, Sonar Entertainment, may choose to shop the show to other channels, but the indifferent audience reaction, poor ratings and relatively high price tag make this unlikely.
The first season of The Shannara Chronicles was mediocre, but had flashes of good fun and had some good performances from the likes of Manu Bennett and Ivana Baquero. The second season (I've seen about half of it so far) was unfortunately notably inferior, looking considerably cheaper with much less story focus and spending too much time on the show's wooden lead.
Shannara follows Legend of the Seeker and Camelot into premature retirement and serves as a reminder to networks that if you want to build on Game of Thrones' success, you really need strong source material and writers who know what they're doing, not just deep wallets.