It said: "The forthcoming series of Big Brother will be the last - of either celebrity or civilian versions - on Channel 5.
"We’d like to thank Endemol and all of the production team who have worked tirelessly to make the show a success.
"We’d also like to thank our brilliant presenters - Emma on Big Brother and Rylan from Bit on the Side - for their consummate professionalism, Marcus, the voice of Big Brother and all of the housemates who have created so many memorable moments.
"Most importantly, we’d like to thank fans of the show for their support over the last seven years.
"We look forward to giving the final series a brilliant send-off.”
Rylan has since taken to Twitter since the news of the axing broke.
He wrote: "After 6 years working on one of the most iconic shows on television I'm saddened to hear the news Big Brother won't be returning.
"It has been the biggest privilege being a housemate, a winner and a host on my favourite show on the television.
"To work with Emma, Marcus and the amazing team on BOTS every day and have made friends for life I'm truly the luckiest guy in the industry.
"I hope one day Big Brother will return but my focus now, as with the rest of the team is to make our last series the best yet.
"I'd like to thank all of our guests, Endemol and Channel 5 for having me and most of all the viewers for sharing this amazing journey.
"I learned how to host a show on the job here and I'll be forever grateful for the opportunity. R x"
Big Brother first launched on Channel 4 back in 2000, where it remained until 2010. Channel 5 picked it up in 2011.
The civilian series of Big Brother kicks off tonight - Friday, September 14, at 9pm.
The lineup will be kept under wraps by Channel 5 until the very last minute.
However, a Big Brother fan site leaked what it claims to be this year's housemates.
Big Brother Xtra claimed to have confirmed the identities of five 2018 contestants after the first trailer for the Channel 5 series was released.
Channel 5 gave a glimpse at the 14 contestants, who will enter the house on Friday, during Monday's live Celebrity Big Brother final.
Fans of the show have only just got over the excitement of the celeb version which saw Ryan Thomas win after he was embroiled in the Roxanne Pallett punchgate scandal.