It's time to say goodbye to "Riverdale."

The CW announced Thursday, May 19, that the hit show would be coming to an end after its seventh season, which will premiere in 2023.

"Riverdale" first hit the small screen in 2017 and quickly became a fan-favorite. It has aired over 100 episodes to date.

Based on the famous Archie Comics, "Riverdale" stars Cole Sprouse, KJ Apa, Camila Mendes, Lili Reinhart, Madelaine Petsch and Mädchen Amick. Luke Perry starred in the series until his death in 2019.

During an executive call Thursday, CW Chairman and CEO Mark Pedowitz said,

“I am a big believer in attempting to give series that have had long runs an appropriate sendoff. We had a long conversation with [executive producer] Roberto [Aguirre-Sacasa] yesterday, who is thrilled by this news, and we will treat the show in the manner it deserves…. We want to make sure it goes out the right way."

Pedowitz added,

“I think they, too, felt that seven years is the right amount. As a fan myself, I do want to do what is right for the show.”