The television network said that show's new season did not make any sense to them and it will not broadcast its new season, reported Entertainment Tonight.
"When we picked up a new season in 2014, we imagined a one season revival and decided in early 2016 another season did not make sense for us. We are proud of the show and were pleased with its run throughout the years," HBO said.
"Project Greenlight", which ran for four seasons, first started on HBO in 2002. After two seasons, the series moved to Bravo. Then HBO revived the series, bringing back Damon and Affleck as show's executive producers.