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All things must come to end and such is so for Key & Peele. The President Obama-favored Comedy Central sketch show starring Keegan-Michael Key and Jordan Peele has been creating trends online since January of 2012 but according to Key, he felt that it was “a good time to let people know” they were closing in to the end of the road.

“This is our final season – and it’s not because of Comedy Central, it’s us,” Key tells TheWrap. “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.”

When it comes to Hollywood and making movies, you can expect something familiar and refreshing all in one swoop.

“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.”

Key & Peele is currently up for eight Emmy nominations this year, including Outstanding Variety Sketch Series and Outstanding Supporting Actor in a Comedy Series for Key.

Cheers to going out with a bang.

Photo: Nicky Nelson/WENN