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Vanessa Ives died in the last episode of season three, and the show will not return. Variety spoke to Showtime president David Nevins and âPenny Dreadfulâ creator John Logan about why they made the decision to end the show after making a grand total of 27 episodes. âThatâs where television is now,â Nevins said. âWe donât have to make seven seasons for the sake of making seven seasons.
October 16, 2016 at 12:44pm. After years of trying t0 find out if this show is cancelled I finall...y found it is.I googled it and the last entry said cancelled cmt shows and it was listed.UGH.Wish they would have posted it here years ago.We all were asking.Cindy.