The CW will not continue with "Kung Fu", its reboot of the classic series, which has run for three seasons. It is the latest cancellation of an existing scripted series at the network, which is changing its business model under its new owners to focus on lower-cost scripted originals, primarily from Canada and the UK.
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I haven't caught up on seasons 2 & 3 yet, but shows like this can only go so far, so its probably run its course.
What a bummer. At least it didn't end with a cliffhanger.