Seven has axed plans for Australia’s Got Talent for 2013.
The move comes just two weeks after the show was announced as part of Seven’s line-up for next year.
Seven is citing costs and disappointing ratings as the key reasons behind the axe.
The series had six seasons with Seven with host Grant Denyer and Dannii Minogue. Other judges have included Kyle Sandilands, Brian McFadden, Red Symons and Tom Burlinson.
Last year its rating went through the roof, surging past the 2m mark. But this year against The Voice the show struggled to resonate, despite having talented acts.
A Seven spokesperson told TV Tonight a budget had been put aside for a 2013 series but rising costs meant the show was no longer practical and those funds would be divested into other development.
Seven is also understood to be very keen on another new format.
Update: Nine has since signed AGT for 2013.