Paramount+ has announced that the rebooted sitcom Frasier has been canceled after two seasons. The streamer has opted not to renew the Kelsey Grammer -led comedy for a third season. Producer CBS Studios remains committed to the series and plans to shop it to other outlets.

The sequel to the classic sitcom, Frasier, will not return to Paramount+ for a third season. Deadline and The Hollywood Reporter said CBS Studios, the show's producer, is hoping to find it a new home at another network or streaming service.

Well, folks, Frasier has left the building… the Paramount+ building, that is. Halfway into January, and two months after the Kelsey Grammer-led revival finished its second season, it’s been reported that the streamer will not be bringing the sitcom back for Season 3.