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We’re HUGE Key & Peele fans, so it saddens us to report that after five seasons, our favorite comedy duo are calling it quits on their hit Comedy Central show.

“It was time for us to explore other things, together and apart,” Keegan-Michael Key tells TheWrap. He said that this current season of Key & Peele, which received multiple Emmy nominations earlier this month, will be the last.

“This is our final season – and it’s not because of Comedy Central, it’s us,” said Key. “It was just time for us to explore other things, together and apart. I compare it to Gene Wilder and Richard Pryor. We might make a movie and then do our own thing for three years and then come back and do another movie. I’m thinking we could do that every three years – take a year, go bang out a movie. That’s the plan right now.”

Key and Jordan Peele first worked together during six seasons on the hit sketch comedy series MadTV, with their own show, Key & Peele, launching in January, 2012. Their 2013 Peabody Award included a citation that noted, “They tackle racially charged issues and ideas like no one else on television … They break new ground even as they lay claim to all of comedy’s traditions.”

They have remained quiet about the their show ending, “but Jordan and I were talking yesterday, and we decided it’s probably a good time to let people know,” Key said in an interview for an upcoming edition of TheWrap’s Emmy magazine.

“There will be Key & Peele productions coming up,” he said. “We’re doing the reboot of Police Academy, and there’s a TV show in the works that me might do for Comedy Central. There’s lots of stuff we have cooking up.”

The fifth season of Key & Peele began on July 8 and will run into September.

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