With the recent news of Marvel Television Head Jeph Loeb exiting the company, another show under the Marvel TV umbrella received the ax. It has been confirmed today by Deadline that Marvel’s Cloak and Dagger has been cancelled after two seasons at Freeform. Deadline reported that the contracts of the cast expired this week. The cancellation of the show comes after a dismal second season in terms of ratings where it dropped to almost -40%. Freeform shared a statement in the midst of the cancellation.

We are so proud of Marvel’s Cloak & Dagger and the trailblazing stories this series told. We are also grateful to our incredible talent Olivia Holt and Aubrey Joseph for bringing these beloved characters to life, and showrunner Joe Pokaski for his vision. We’d like to thank our partners at Marvel Television for a wonderful two seasons and are we are hopeful that we can find another project together.

The cancellation also comes under the heels of major management shakeup over at Marvel as it has already been confirmed that Marvel Studios Head, Kevin Feige, will take over the reigns of the Marvel TV and Marvel Comics Division as the Chief Creative Officer. However, there is no way to confirm if the shakeup has something to do with this one.

Even if their main show is cancelled, there is still a silver lining for both characters in the Marvel TV universe. It has already been confirmed that Olivia Holt and Aubrey Joseph will reprise their roles as Cloak and Dagger for a crossover episode with Marvel’s Runaways at Hulu. Who knows? The episode can serve as closure for both characters.

Source: Deadline