EMPIRE: Cast Pictured L-R: (Bottom Row) Trai Byers as Andre Lyon, Bryshere Gray as Hakeem Lyon and Jussie Smollett as Jamal Lyon (Top Row) Terrence Howard as Lucious Lyon and Taraji P. Henson as Cookie Lyon in EMPIRE. Season Two premieres Wednesday, Sept. 23 (9:00-10:00 PM ET/PT) on FOX. ©2015 Fox Broadcasting Co. Cr: James Dimmock/FOX.

Hit TV series empire has quickly risen to one of the most watched and talked about series in the world garnering  millions of viewers.After record breaking views of Fox’s newest show “Empire” has been cancelled.

Initially, on January 17, the show was renewed for a second season but now Fox has rescinded “Empire” opportunity for a second season. Produced by Lee Daniels and staring Terrence Howard and Taraji P. Henson, the show was a success and many viewers tuned in weekly for the musical drama. It is said that the show is loosely based off hip hop mogul, Jay-Z’s life.

Fox’s public relations representative, Charles McRae, has stated that the reason for the cancellation is due to contractual negotiations. According to Fox, pay towards Lee Daniels and Danny Strong’s production camp were the main determining factors in the cancellation. It is said that two parties could not reach an acceptable agreement and when things heated up behind the curtains, Fox abruptly pulled the plug on the show.

Lee Daniels is currently meeting with several networks to find a new home for the hit series. He along with co-creator Danny Strong, will be meeting with HBO, Showtime, Viacom and ABC in the next few days.