In addition to canceling Krypton after two seasons, Syfy will not move forward on the prospective Lobo series, which was announced as in development earlier this year.

The news comes from The Hollywood Reporter, which also reports producers Warner Horizon will look elsewhere to find the series a home. The Lobo spinoff was set to star Emmett J. Scanlan, who played the character in Krypton's second season. Krypton showrunner Cameron Welsh was overseeing the spinoff.

RELATED: Syfy Cancels Superman Prequel Krypton After Two Seasons

Created in 1983 by Roger Slifer and Keith Giffen, Lobo first appeared in Omega Men #3. The bounty hunter hails from the planet Czarnia, which was a peaceful planet until he murdered the rest of his species. There have been numerous attempts over the years to bring Lobo the the big-screen, though most have fizzled out, despite the character's immense popularity.  There was a report in February of last year that Warner Bros. was eyeing a Lobo origin movie by director Michael Bay.

Krypton stars Cameron Cuffe as Seg-El, Shaun Sipos as Adam Strange, Georgina Campbell as Lyta-Zod, Elliot Cowan as Daron-Vex, Ann Ogbomo as Jayna-Zod, Rasmus Hardiker as Kem, Wallis Day as Nyssa-Vex, Aaron Pierre as Dev-Em, Ian McElhinney as Val-El and Blake Ritson as Brainiac.

KEEP READING: Krypton: How Adam Strange Gets His Jetpack