What's next for the intrepid Magnum P.I. team? Well, not a whole not, unfortunately. Per Deadline, the show has officially been canceled after just four seasons on the air. The publication noted that Magnum P.I. was ranked as one of CBS's top 25 most-watched programs, so the decision to ax the show at what could very well be peak viewership is a surprising one, to say the least.

According to the publication, the move to cancel Magnum P.I. is due to "a business decision after the two sides could not come to an agreement on the license fee as lower overall linear ratings have been pushing down on what networks are willing to spend on shows."

Deadline further notes that "the strength of CBS’s crop of drama pilots this season" took a toll on Magnum P.I. and "put additional pressure on the hourlong bubble series."

Based on the '80s drama of the same name created by Donald P. Bellisario and Glen A. Larson, the revamped Magnum P.I. starred Thomas Magnum (Jay), who took on Tom Selleck's famed lead role from the original series and brought it into the 21st century.

Unfortunately, the rehashed concept wasn't enough when stacked up against the network's other content. Shows such as FBI and The Equalizer received multi-season renewals after tough negotiation talks between CBS and Universal Television, but Magnum P.I. simply didn't make the cut.

Those looking to check out the existing four seasons of Magnum P.I. can still stream them on Paramount Plus.