USA Network today formally announced that the current eighth Psych_cseason of Psych is its last, and the March 26 finale is a series finale. It will be followed by the Psych After Show, a one-hour live show in front of a studio audience that will feature a Q&A with the cast and show creator Steve Franks. “Psych has made an indelible imprint on the television landscape, with a unique brand of comedy,” said Chris McCumber, usa-network-logopresident of USA Network. “The final season celebrates the iconic characters that have made this show so beloved, and will be an exclamation point on the series’ incredible run.” Added Jeff Wachtel, President and Chief Content Officer, NBCU Cable Entertainment: “Psych is one of those rare projects that broke into the cultural mainstream. Its wild energy, fearless fun and engaging characters delivered an unrivaled series that will continue to be loved by fans for as long as there are ways to watch TV.” Psych‘s coming to an end is not a surprise, and several cast members had already moved on, including Timothy Omundson, who just booked a lead role in the ABC comedy pilot Galavant.

Stars James Roday and Dule Hill made the announcement today via video (check it out below):

Psych was one of cable’s top five series Wednesday nights in 2013 among adults 18-49 (1.87 million) and total viewers (4.17 million) and was among the year’s top 10 Wednesday night series in adults 25-54 (1.86 million) and 18-34 (898,000). The final five episodes of the current season begin airing February 26. The series is exec produced Franks, Kelly Kulchak and Chris Henze, and is from Universal Cable Productions in association with Tagline Pictures. Mel Damski serves as executive producer/director.

Produced by Wilshire Studios, the after-show will feature favorite clips, audience Q&A and never-before-seen footage.