FX is cutting ties with Louis C.K. following the comedian and producer's sexual misconduct.

"Today, FX Networks and FX Productions are ending our association with Louis C.K. We are cancelling the overall deal between FX Productions and his production company, Pig Newton. He will no longer serve as executive producer or receive compensation on any of the four shows we were producing with him — Better Things, Baskets, One Mississippi and The Cops," FX said Friday in a statement.

"Louis has now confirmed the truth of the reports relating to the five women victimized by his misconduct, which we were unaware of previously," it continued. "As far as we know, his behavior over the past eight years on all five series he has produced for FX Networks and/or FX Productions has been professional. However, now is not the time for him to make television shows. Now is the time for him to honestly address the women who have come forth to speak about their painful experiences, a process which he began today with his public statement.

"FX Networks and FX Productions remain committed to doing everything we can to ensure that all people work in an environment that is safe, respectful and fair, and we will continue our review of all of these productions to ensure that was and is the case."

The decision for FX to end its relationship with C.K. comes hours after the comedian and producer responded to allegations in a New York Times story that claimed he acted inappropriately toward five women from 2002-2005. "These stories are true," C.K. said Friday. "I learned yesterday the extent to which I left these women who admired me feeling badly about themselves and cautious around other men who would never have put them in that position. I also took advantage of the fact that I was widely admired in my and their community, which disabled them from sharing their story and brought hardship to them when they tried because people who look up to me didn't want to hear it. I didn't think that I was doing any of that because my position allowed me not to think about it."

C.K.'s Pig Newton executive produced FX's Louie (whose future was left open, pending his schedule), Pamela Adlon vehicle Better Things, Amazon Tig Notaro comedy One Mississippi and TBS' upcoming animated comedy The Cops. Both Adlon and Notaro have been vocal about C.K.'s history in the months that preceded the Times story. FX joins management company 3 Arts, which on Friday also dropped C.K. Meanwhile, production on TBS' The Cops has been suspended. On Thursday, HBO dropped C.K. from its upcoming Night of Too Many Stars special and removed multiple comedy specials, as well as his short-lived 2006 comedy series Lucky Louie, from its on-demand platform. Amazon, which is the streaming platform for One Mississippi, has yet to weigh in on the future of the Notaro vehicle.

Earlier Friday, independent studio The Orchard dropped C.K.’s film I Love You, Daddy, which was scheduled to be released Nov. 17. On Thursday, the premiere for the movie was canceled in anticipation of the Times story. Netflix, for its part, scrapped C.K.’s second planned stand-up special, part of a two-special deal the comedian made with the streaming giant. (The first, Louis C.K. 2017, debuted in April and will remain on Netflix.) “The allegations made by several women in The New York Times about Louis C.K.’s behavior are disturbing,” Netflix said in a statement.

The C.K. fallout comes after Netflix, among others, cut ties with Kevin Spacey following sexual misconduct allegations. Spacey will be written out of the final season of House of Cards — the drama he exec produces — should the series return from its hiatus as producers Media Rights Capital determine its future. Additionally, in a groundbreaking move, Spacey will be replaced by Christopher Plummer in Ridley Scott's upcoming J. Paul Getty feature film, All the Money in the World.

Bryn Sandberg contributed to this report.