Netflix is done with Danny Rand. The streaming giant has confirmed that Iron Fist will not return for a third season. Immortal it was not, Iron Fist now carries the dubious honor of being the first Marvel series to be canceled by Netflix.

“Marvel’s Iron Fist will not return for a third season on Netflix,” Marvel Television and Netflix told Deadline in a joint statement. “We’re thankful to the fans who have watched these two seasons, and for the partnership we’ve shared on this series. While the series on Netflix has ended, the Immortal Iron Fist will live on.”

Deadline hears that Marvel wanted the series to continue on Netflix and, since that’s not happening, may try to breathe new life into the series elsewhere. Since Netflix pulled the plug, the series is likely a free agent and Marvel can take the show any place that will have it. The Disney streaming service is a possible landing place.

Marvel Television does not have the option of moving any of its other shows away from Netflix, however, as Netflix maintains the right to renew them (and already has for Jessica Jones season three and soon will for Luke Cage season three).

As obvious of a choice as the Disney streaming service is for Iron Fist, the matter is too complicated to simply assume that’s what will happen. The series does not have a good reputation for quality, so it’s hard to sell it as a strong value-add for Disney. It isn’t wise to launch your new direct-to-consumer platform with a castoff from your competitor.

It is also unclear what role Marvel Television will play on the Disney streaming service. Marvel Studios, which operates separately from the rest of Marvel Entertainment (including Marvel TV), is staking its claim with limited series based on Loki, Scarlet Witch, and other MCU favorites.

At this point, Iron Fist the character will live on, but the series has died a real (not comic book) death.

SOURCE: Deadline