“Lanterns,” their first live-action TV show, had posted decent viewership. Yet an insider at the company suggests the crime drama isn’t quite capturing the zeitgeist, pointing out the show didn’t get renewed for a second season.

Not sure if the title changed but technically that doesn't confirm it isn't renewed, just that it hasn't been renewed yet. The show had a writers room for season two, which means someone was planning on a season two.

I do think we're not getting a season 2, but I don't think it's a given yet. It doesn't fit the "family friendly" vibe that it looks like the new guy is aiming for, but it's only been a day so we'll wait and see.