Nov 30, 2016 08:51 AM EST By Christine Pamintuan

‘The Big Bang Theory’ Season 11 Renewal, Cancellation News: Why Jim Parsons Would Likely Exit The Show [VIDEO]

It was reported that Jim Parsons is gearing up for a new show. Will this be the reason for "The Big Bang Theory" cancellation? What will happen if it continues to Season 11?

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It was confirmed that Jim Parsons from The Big Bang Theory will work on a new show. Will he be leaving The Big Bang Theory for good?

Variety reported that Parsons will be one of the executive producers of a new show titled Lance 2.0. It is a single-camera comedy written by Alex McAulay. It is about a young couple who deals with the aftermath after the boyfriend changes his personality after an accident.

McAulay who wrote the pilot for the episode will also be one of the executive producers of the show working with Parsons. This will be Parsons' latest project as a producer.

However this will not be the first time The Big Bang Theory star will produce a show as he was also an executive producer for the ABC comedy titled Lakeside VA, The CW's The Terranauts and Freeform's The Monarchy Is Going to Sh*t. It was also said that he will be one of the executive producers for the upcoming The Big Bang Theory spin-off.

This proves that even though he has been busy with producing shows, he still has the time to film The Big Bang Theory episodes. With that, it is impossible that he will leave the show even though he will be working on a new one.

It was earlier reported that the stars are currently asking for a raise before they can sign another contract for The Big Bang Theory Season 11. It was reported that there is now ongoing negotiations for that matter.

If Season 11 will happen, Movie Pilot has some several story plots fans would be seeing in the show. The site speculated that Parson's Sheldon and Amy, played by Mayim Bialik will take their relationship to a new level as Sheldon meets Amy's parents.

Aside from that, it is possible that the show will also feature Howard (Simon Helberg) and Bernadette (Melissa Rauch) as they deal with the new addition to their family. Of course the other couples and characters of the show are expected to return.

While waiting for official news, fans can still enjoy The Big Bang Theory Season 10 with its upcoming new episode.

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