According to Deadline.com the Netflix show starring Jaden Smith is being cancelled after only one season.
The show was created by the incredible Baz Luhrmann, and was one of the most expensive projects Netflix backed, with its first episode costing about $120 million US (AUD$161 million).
Baz sent out a Facebook post explaining the situation, where he blames himself for wanting to return to movie making instead.
"It kills me that I can't split myself in two and make myself available to both productions... But the simple truth is, I make movies," he wrote.
"As for the future of the show, the spirit of The Get Down, and the story it has begun to tell... it has its own life. One that lives on today and will continue to be told somewhere, somehow, because of you, the fans and the supporters."
Jaden has yet to comment on the cancellation of the show.