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The real reason Penny Dreadful was canceled
Jon Ledford @JonLedford
Showtime's horror drama Penny Dreadful dropped its biggest twist during "The Blessed Dark," its season three finale. To much surprise and dismay, we learned that the thriller series was ending, and this abrupt finale was its last episode.
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Penny Dreadful was not making enough money
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Declining viewership
According to TV Series Finale, this season was only the sixth-highest-rated show out of the 10 other series Showtime filmed for the year.
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Showtime can focus on other shows
All that Showtime cash used to make those elaborate Victorian sets and awesome special effects can be used somewhere else.
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Couldn't continue without Vanessa Ives
Without Vanessa Ives the show is empty.
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Fairly simple equation do the ratings justify the costs of production.