It's been confirmed that the latest season of "Arrow" will be the last. Fans should not expect Netflix or any other streaming service to save the show, because it's ending and it's not just a cancellation. The eighth season will be a shortened season, allowing the stories to be wrapped up and allowing us to say goodbye to the characters we love.

The studio appears to have been planning this ending for a while now.

The Hollywood Reporter reported that the 10-episode final season will air during the 2019-20 TV season. CW executive, Mark Pedowitz, had previously signaled this was happening. As the network prepares for Batwoman and other shows, the CW needed to make room.

'Arrow' producers sad to see hit series end

"Arrow" executive producers Greg Berlanti, Marc Guggenheim, and Beth Schwartz released a joint statement saying they are excited about wrapping up the series in a way that honors the show, the characters, and the legacy it leaves behind.

They thanked the writers, producers, actors, and the crew that kept the show going for over seven years.

Bringing its oldest DC-based shows to an end makes sense. While it has become one of the network's most popular shows, it is aging. The cast is growing up and the CW wants to draw in a new generation of fans. That means introducing new shows and bringing an end to a show that is seven years old.

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'Arrow' ending on a high note

All good things must come to an end, and it makes sense to bring "Arrow" to a close on a high note. Nobody wants to see a show dragged out until it dies a slow death. With a wrap-up season, stories will come to a realistic ending. With only 10 episodes, fans are speculating the show could end with the Arrowverse crossover. That would definitely be a way to end on a high note.

The Elseworlds crossover strongly hinted at the Green Arrow's death in the upcoming crossover.

Fans need to remember this is not a cancellation, but an ending. It doesn't mean an end to all of our favorite characters. "Arrow" star Stephen Amell took to Twitter to say that playing the masked vigilante was the greatest professional experience of his life and that the final season will run this fall.

The Hollywood Reporter reported that the success of the series ushered in a new wave of comic book adaptations on broadcast, cable, and streaming platforms.

While the CW continues to grow its DC Comics reach, ABC's hit series "Agents of S.H.I.E.L.D." continues to be a success. HBO is scheduled to bring "Watchmen" to life and Hulu is set to release several Marvel-based animated comedies.

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