Netflix announced Friday that it will no longer produce comedian Louis C.K.'s second comedy special for the streaming platform, following his admission of guilt on allegations of sexual misconduct.

"Based on Louis CK's behavior, we are not making his second stand up special," Netflix tweeted. The stand-up comedy production was planned to be a follow up to C.K.'s "2017" Netflix special released in April.

The comedian admitted Friday that the allegations reported a day earlier by The New York Times, including masturbating in front of female comedians, were accurate.

"These stories are true," C.K. said in a statement.

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"The allegations made by several women in The New York Times about Louis C.K.’s behavior are disturbing. Louis’s unprofessional and inappropriate behavior with female colleagues has led us to decide not to produce a second stand-up special, as had been planned," Netflix said in a statement to the Times.

Netflix's decision comes just hours after C.K.'s film distributor announced it would not release his upcoming movie "I Love You, Daddy" into theaters, a project that the well-known comedian reportedly self-financed and directed.

Netflix also recently fired the star of its hit political drama "House of Cards" after allegations came out that lead actor Kevin Spacey had sexually mistreated young men and co-workers on the set of the show.