Washington, May 24 -- Prime Video has announced that it will not be renewing 'The Wheel of Time' for a fourth season.

The decision comes after lengthy deliberations and is reportedly due to financial reasons, with the series being a high-end, pricey fantasy drama.

The TV adaptation of Robert Jordan and Brandon Sanderson's book series got off to a strong start in 2021, with its premiere being Prime Video's most-watched series launch of the year.

However, viewership has slipped over time, with the show dropping out of Nielsen's Top 10 Originals chart after the first three weeks of Season 3.

Despite the show's critical acclaim, with season 3 ranking 97 per cent on Rotten Tomatoes, Prime Video decided not to commit to another season due t...