HBO has cancelled 1970s rock drama "Vinyl," as the Hollywood Reporter reports. "After careful consideration, we have decided not to proceed with a second season of Vinyl," HBO said in a statement to THR. "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." Prior to the cancellation, the show was scheduled to come back for its second season.

Despite high expectations for the project, which was executive produced by Martin Scorsese and Mick Jagger, "Vinyl" disappointed in the ratings. It was expensive to produce, and THR reports that canceling the show will allow its executives to work on other projects. In April, showrunner Terence Winter left the show over creative differences.

Read "How 'Vinyl' and Lee Ranaldo Turned a Lost ’70s Act Into TV's Next Great Fictional Band" on The Pitch.

Listen to Julian Casablancas cover the Velvet Underground's "Run Run Run," which was recorded for the show: