The drama premiered to lackluster reviews in June.


It's one and done for Netflix's Gypsy.
The streaming giant has canceled the Naomi Watts drama after one season, The Hollywood Reporter has confirmed.
Ordered to series in January 2016, the series followed the journey of Jean Holloway, a therapist who begins to develop dangerous and intimate relationships with the people in her patients' lives.
Watts starred in and served as an executive producer, along with creator Lisa Rubin (I Was Here), Liza Chasin, Tim Bevan, Eric Fellner and Sam Taylor-Johnson (Fifty Shades of Grey), who also directed the first two of the show's 10-episode run. Universal Television and Working Title produced the hourlong.
The series marked Watts' first series regular role in two decades, as well as the first series for Taylor-Johnson following the box office success of the first Fifty Shades film.
Despite the show's impressive pedigree, the series premiered in June to lackluster reviews. THR TV critic Daniel Fienberg called the characters "forgettable" and the material "subpar" and "dull."
This is the latest cancellation at Netflix after several years of pushing aggressively into scripted original series. So far this year, the streamer has axed two other rookie series: the pricey hip-hop drama The Get Down and the comedy Girlboss.
This year also saw Bloodline come to a close after three seasons and western Longmire, which originally premiered on A&E, is expected to return for its sixth and final season later this year.
Sense8 was also canceled earlier this year after two seasons. However, Netflix recently greenlit a special wrap-up movie for the heavily serialized drama after an intense fan campaign.
"They did a beautiful show," Netflix chief content officer Ted Sarandos said in May about the decision not to renew Sense8. “The audience was very passionate, but not large enough to support the economics of something that big, even on our platform.”
During an appearance on CNBC that same month, Netflix CEO Reed Hastings seemed to hint at more cancellations at the company. “Our hit ratio is way too high right now,” Hastings said. “I’m always pushing the content team: We have to take more risk; you have to try more crazy things. Because we should have a higher cancel rate overall.”
When asked what is taken into account when canceling a show at Netflix – which is notoriously tight-lipped about viewership for its series, Hastings explained it's a mix of viewing and subscriber growth.“Mostly, it is how many people watch. But those are very connected.”
The cancellation comes one day after Netflix greenlit a second season of critical darling Glow, which hails from one of the company's most important producers: Orange Is the New Black's Jenji Kohan.
However, Netflix is still in business with Universal TV on several series including the recently renewed Unbreakable Kimmy Schmidt and Emmy winner Master of None.

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