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Peabody-Award winning, Emmy-nominated sketch series Key & Peele will end a five-season run with its final episodes in September.

The critically acclaimed Comedy Central series Key & Peele will soon end, Keegan-Michael Key announced. Its current season will be its last. After five seasons together on Comedy Central, the comedic duo is parting ways from the program. Peele tweeted Saturday morning: "Don't miss the last 8 episodes!" in reference to the ending of the current season.

Key shared the news with The Wrap, explaining: "This is our final season - and it's not because of Comedy Central, it's us. 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."

After working together on MADtv for six years, Key and Peele co-created and star in the Comedy Central show. It debuted in 2012 and soon became one of Comedy Central's most acclaimed original series. The show's 2013 Peabody Award cited the 'racially charged' issues addressed with humor on the show, noting that Key and Peele break new ground even as they lay claim to all of comedy's traditions. The show is currently Emmy-nominated in seven categories, including best variety sketch series and, for Keegan-Michael Key, best supporting actor in a comedy series for the 2014 episode 'Sex Detective.'

But parting won't be too long for the two. "Wait till you see what we do next tho," Peele tweeted. The duo has already filmed their upcoming movie Keanu, which was co-written by Peele and helmed by Key & Peele director Peter Atencio. And with their guest appearances on shows like Playing House, Parks and Recreation, and Fargo, the duo proved they're more than just nimble sketch performers. Paramount is looking at one of the team's best-known sketches, "Substitute Teacher with a big screen treatment.

Key said that there will be Key & Peele productions coming up. He said they are doing the reboot of 'Police Academy,' and there's a TV show in the works that they might do for Comedy Central. "There's lots of stuff we have cooking up." He added.

Though the news seems sudden, it's far from a recent decision. Key says he and his partner, Jordan Peele, have been talking about it for awhile and decided it's probably a good time to let people know.