Sony Pictures Television and Paramount are shopping the project to other networks after CBS passed on what producers considered a sure thing, the entertainment industry publication reported Friday.
The drama stars Brandon T. Jackson as the son of Axel Foley, played by Eddie Murphy in the movie franchise starting in 1984.
Murphy and Judge Reinhold were scheduled to reprise their roles for cameos in the television series.
The series marks Paramount's first effort to get back into television production since it split with CBS in 2005, The Hollywood Reporter said.
Man spent 15 hours in jail for plugging electric car into an outlet at a school
Martin Bashir resigns from MSNBC over Sarah Palin comments