The eight-part series, which starred Christian Cooke and Reggie Yates, opened to 596k viewers last September.
"We wanted to try something different but it didn't work," an insider told The Sun.
Speaking in August, the controller of ITV2 and acquisitions Zai Bennett praised the programme but said that ratings had not matched expectations for the expensive drama.
"It did really well, half a million as an average," he said. "But that's not quite enough to bring it back. It's a terribly expensive show - £3 or £4 million out of what is overall a small budget."