The fantasy drama The Shannara Chronicles has been canceled by Spike TV after two seasons.

Based on the bestselling fantasy novels by Terry Brooks, the series debuted in 2016 on MTV as the cable network's highest-rated scripted series. The show moved to Viacom corporate sibling Spike TV for its second season, which wrapped in November.

RELATED: Stephen King’s The Mist Canceled After Just One Season

Developed for television by Al Gough and Miles Millar (Smallville), in its first season The Shannara Chronicles largely followed the events of the novel The Elfstones of Shannara, centering on on Wil (Austin Butler), Amberle (Poppy Drayton), Eretria (Evana Baquero) and their quest to stop an army of demons from destroying the Four Lands. The second season picked up one year after the chaotic events of the Season 1 finale, and focused on the fallout from the re-emergence of magic in the Four Lands and the fight against a new organization called the Crimson, intent on hunting down magic users.

The cancellation likely has something to do with Viacom's plan to transition Spike TV into the Paramount Network. The channel's other new scripted series, an adaptation of Stephen King's The Mist, was canceled in September after one season. Sonar Entertainment, the production company for The Shannara Chronicles, is said to be shopping the show elsewhere.

The Shannara Chronicles starred Austin Butler as Wil, Ivana Baquero as Eretria, Manu Bennett as Allanon, Aaron Jakubenko as Ander and Marcus Vanco as Bandon, along with new cast members Vanessa Morgan as Lyria, Malese Jow as Mareth, Gentry White as Garet, Caroline Chikezie as Queen Tamlin and Desmond Chiam as General Riga.

(via Deadline)