On November 4, 2020, the CW announced that they would be canceling the Dark Shadows reboot. Since it was announced over a year ago, it has been highly anticipated by fans of the cult classic gothic soap opera. Despite the fact that the Dark Shadows reboot won't premiere on the CW, it's still entirely possible that it could come to life on another network or streaming service — here's how.

The series was set to be titled Dark Shadows: Reincarnation and Mark B. Perry was working on fully developing it for television. Perry's credentials include Revenge and Tim Burton.

Related: Slasher Season 4: Why The Show Will Be Better On Shudder (Not Netflix)

The Dark Shadows movie wasn't as successful—despite having incredible talent attached—due to its poor rendition of the cult classic characters. Fans and critics believed it didn't uphold the same air as the original, and thought it fizzled out towards the end. With the prospects of a television series rebooting the Collins family as they navigate the 21st century, fans were notably anticipating their return. The CW has tackled iconic franchises and reboots before, with Riverdale spinning off Archie Comics and Dynasty being redone with a modern update. However, the network chose to cancel the series for unknown reasons, but it's likely due to popular, existing properties taking priority over an unproven rebootWhile the pilot for the Dark Shadows reboot series was never filmed, it has been written, which means it possibly could still happen.

Dark-Shadows

There have been several major announcements in regard to horror TV shows in 2020. For example, Netflix sold the rights to the anthology series, chosen to cancel Castle Rock, which was based on several Stephen King novels and stories that take place in the fictional town of Castle Rock, Maine. HBO's The Outsider—another King series—is also looking for a new home at a different network.

At this moment, there are numerous shows being shopped around or becoming available to be picked up by a new network or streaming service. Now that Netflix has lost Slasher, it's possible that they could be looking to replace it with another horror series, which could mean Dark Shadows may find a home with them. Netflix has seen success with original horror TV series before, such as Ratched and The Haunting of Bly Manor, two of their top programs in 2020. At the same time, Shudder is constantly building its lineup. Shudder, which is owned by AMC, is known for being a niche streaming service curated by horror fans for horror fans. As such, acquiring the rights for a cult classic gothic television series' reboot could be exactly what they're looking for. While Dark Shadows could pose as a risk for some networks to take on, it has the potential to be an incredible opportunity if done right, and Shudder already has a proven, captive audience of horror fans.

Dark Shadows' cult classic status makes it a major name to acquire for any streaming service or network that is looking to fill a gap in their current lineup. While the CW may have ed, this doesn't mean the end for the series. It's still possible that the Dark Shadows reboot could move to a new network or platform, but it's also possible that the CW will shelve it until they feel it is the right time to return to the property. With COVID-19 still causing hiccups in the entertainment industry, necessary cuts—and temporary ones alike—have had to be made, but the show's enduring popularity could mean big things for its future.

More: The Outsider: Why The HBO Show Was Canceled (&How It Could Return Anyway)