THE END OF THE HAND. Netflix cancels Marvel's Iron Fist with Finn Jones after two seasons.

Netflix has cancelled the low-rated and critically panned Marvel series, Iron Fist after two seasons, making it the first Marvel drama series on Netflix getting cancelled.

Iron Fist with Finn Jones and Jessica Henwick, was the 4th series in a four-show TV deal since 2013 between Disney's Marvel and Netflix, and the first to get the chop due to its underwhelming under-performance.

"Marvel's Iron Fist will not return for a third season on Netflix, says Netflix and Marvel in a joint statement.

"Everyone at Marvel Television and Netflix is proud of the series and grateful for all of the hard work from our incredible cast, crew and showrunners. We're thankful to the fans who have watched these two seasons, and for the partnership we've shared on this series. While the series on Netflix has ended, the immortal Iron Fist will live on."

The Iron Fist cancellation leaves The Punisher, Daredevil, Jessica Jones and Luke Cage as Marvel series on Netflix. There's also no word yet on whether there would be a second season of The Defenders on Netflix in which all of the superheroes appear together.

The third season of Daredevil will become available on Netflix on 19 October.

Netflix ordered a third season of Jessica Jones with Krysten Ritter in April and is expected to order a third season of Luke Cage soon. Netflix ordered a second season of The Punisher with Jon Bernthdal late last year just after the first season was made available.

Game of Thrones' Finn Jones will be Marvel's new Iron Fist superhero in the next new Netflix superhero drama series following Daredevil and Jessica Jones.

Netflix has revealed its new superhero drama series that will be Iron Fist with Game of Thrones actor Finn Jones putting on a suit to defend New York.

Iron Fist will be another of Netflix's global releases, so South African viewers will be able to watch it on Netflix South Africa, like Jessica Jones and Daredevil.

Iron Fist, based on the Marvel comic, revolves around Danny Rand, a kung-fu master who returns to New York after being missing for years. Besides his martial arts, he can also summon the power of the Iron Fist.

The first season of Iron Fist will have 13 episodes. Netflix has not released a starting date from when the episodes will become available.

"Danny Rand is a very complicated character. He's a billionaire New York Buddhist monk martial arts superhero who's still trying to figure out what exactly that all means,"says Scott Buck, executive producer in a statement.

"Finn is able to play all these levels in such an honest, revelatory way that as soon as I saw him I knew he was our Danny."

Besides Daredevil (second season starts now on Netflix South Africa), Jessica Jones (renewed for a second season) and Iron Fist, there will also be a Luke Cage series.

After the Luke Cage series eventually starts, they will all come together for a miniseries called The Defenders.

"Finn wonderfully blends confidence with vulnerability, making him the perfect choice as he struggles to find his place in the world," says Jeph Loeb, executive producer and head of Marvel TV in the statement.

"Now that we've found our Danny Rand, we've completed our principal cast for the upcoming Defenders on Netflix and we are thrilled to continue to show audiences unexplored corners of the Marvel Universe."