HBO has announced that period drama ‘Vinyl’ will not be coming back to our screens, despite previously green lighting a second season. The 70s drama, which was created by Mick Jagger, Martin Scorsese, Rich Cohen and Terence Winter, suffered from low ratings throughout its first season, despite the big names behind it.

Bobby Cannavale as Richie Finestra in ‘Vinyl’Bobby Cannavale as Richie Finestra in ‘Vinyl’.

In a statement, HBO said: "After careful consideration, we have decided not to proceed with a second season of 'Vinyl'. Obviously, this was not an easy decision. We have enormous respect for the creative team and cast for their hard work and passion on this project.”

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The series followed Bobby Cannavale as Richie Finestra, a record label executive in the 1970s and also starred Ray Romano, Olivia Wilde and Mick Jagger’s son James. There were fears for the drama’s future back in April, when showrunner Terence Winter announced he was leaving due to “creative differences”.

HBO certainly seemed to jump the gun in February when it gave the show a second season renewal after airing just one episode. Only 760,000 viewers watched the two-hour season premiere and ratings didn't improve much as time went on.

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The show’s first season is also said to have cost network HBO a reported $100m to make. Writing on twitter after the news was announced, star Olivia Wilde said: “Thanks for all the kind words about Vinyl, my friends. We had a BLAST, and made something special. Party on.”