Photo: Barbara Cole/Epitome Pictures

Degrassi The Next Generation

It looks like HBO Max is not willing to do"Whatever It Takes"to rebootDegrassi.

The streaming service has scrapped the revival of the iconic Canadian teen series, according toThe Wall Street Journal, after it wasinitially picked upfor 10 episodes earlier this year. (Representatives from Warner Bros. Discovery andDegrassi’s production company WildBrain did not immediately return PEOPLE’s request for comment.)

The newDegrassiseries was pegged as an “character-driven” one-hour drama set in Toronto “about the high school experience and the thrilling, often painful journey of self-discovery,” according to a summary from HBO Max.

The summary continued, “The show travels deep into the hearts and homes of diverse, complicated characters, as they struggle to find their new normal, reaching for hope, redemption and love.”

DEGRASSI: THE NEXT GENERATION Melissa McIntyre, Shenae Grimes, Shane Kippel and Aubrey Graham

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The new series would have been the sixth iteration of the heralded teen drama, the outlet reported, with others includingThe Kids of Degrassi Street,Degrassi Junior High,Degrassi High,Degrassi: The Next GenerationandDegrassi: Next Class.

At the time of this year’s announcement of the show in January, HBO Max said it had acquired the U.S. streaming rights to the entire 14-season library of Degrassi: The Next Generation, the franchise’s longest-running of the shows.

Degrassi: The Next Generation, which ran from 2010 to 2015, served as a launching pad for future stars includingNina Dobrev,Shenae GrimesandDrake(then performing under his birth name of Aubrey Graham).

The news comes as the streaming service’s owner, Warner Bros. Discovery, continues to thin its content library due to the cost of royalty payouts, according toVariety.

In August, HBO Max removed nearly 200Sesame Streetepisodes, in addition to its announcement that it no longer planned to releaseBatgirlor the animated seriesScoob! Holiday Haunt.

source: people.com