Nick Cannon On His Talk Show Getting Canceled: 'This Is Show Business' [Watch]

Nick Cannon's talk show is coming to an end after just one season, reportedly to make room for Jennifer Hudson's upcoming talk show. While the talk show host is sad about his show ending, he said that he understands that's how business works.

"This is show business, right? And we know the biggest word in that is 'business', and this is a business. As a businessman, I know that as much fun as we have on the show, business is the thing that makes this whole thing tick and operate," Cannon explained during Thursday's episode of "The Nick Cannon Show," Entertainment Tonight reported.

"Honestly, I show up each and every day bright and early to give you a show, but I'm also a businessman, and you understand when there's certain forms and certain platforms. This has been a dream come true for me to be able to do this for you each and every day, but my business mind, I want to expand and elevate in a way," he said during the show's "Rumor Report" segment with Angela Yee.

Cannon then gave a well-deserved shout-out to his production crew members and audience, calling them "the best I've ever dealt with."

"What this has shown me over the last six months, together, you guys have really become my family. This is the best working crew, best I've ever dealt with. I've gotta say thank you ... we laughed together, we cried together, we prayed together. And like I always say, 'I'm here to do what I can and let God do what I can't,' " Cannon said.

He then concluded his speech by reassuring his audience that "we still got more shows" and he isn't going anywhere just yet.

"I'm gonna still be here, I'm still gonna do this," he shared. "I ain't going nowhere, but it's about broadening my audience and really tapping into my audience in a big way."

"This ain't over, we still got more shows. This is not the last show," he added, before noting, "I'm excited to be part of a business where I get to try so many things. It's truly been a blessing and this has been a dream come true and thank you all for allowing me to have my dreams and come into your home."

"The Nick Cannon Show" premiered on Fox network in September 2021. Over the last few months, the show's ratings have not been strong. In fact, it was the lowest-rated single-host daytime syndicated talk show this season, according to Deadline.

The staff on the show was reportedly informed Thursday that production was ending. However, viewers will still get new episodes of the daytime talk show for the remaining season as it is expected to wrap up in May, Variety reported.

"Nick was always great to work with and always on," a source told People, after finding out that the show was coming to an end soon.

Though "The Nick Cannon Show" will no longer exist, Cannon will remain busy working on his other projects, which include hosting "The Masked Singer" and "Wild 'N Out."