Key & Peele, the Peabody Award-winning sketch comedy series that’s won nearly universal praise and brought new prestige to Comedy Central over the last few years, will end its run this year at the close of its fifth season. Co-star and co-creator Keegan-Michael Key told The Wrap on Friday that he and Peele made the decision some time ago, and recently agreed that it was time to let people know.

“This is our final season — and it’s not because of Comedy Central, it’s us,” said Key. “It was just time for us to explore other things, together and apart. I compare it to Gene Wilder and Richard Pryor. We might make a movie and then do our own thing for three years and then come back and do another movie.

“I’m thinking we could do that every three years — take a year, go bang out a movie. That’s the plan right now.”

The fifth season of the show, which began on July 8, still has eight episodes left, which will keep the show on the air until September. After that, we’ll have to say goodbye to Luther the Anger Translator, the Substitute Teacher, Rafi the slap-ass addict, the over-excited valets, and all the East/West Bowl players.

We won’t be saying goodbye to Key and Peele themselves, though, both as a team and as solo entertainers. They’ve already got several other projects in the works, including, possibly, another TV show.

“There will be Key & Peele productions coming up,” Key said. “We’re doing the reboot of Police Academy, and there’s a TV show in the works that me might do for Comedy Central. There’s lots of stuff we have cooking up.”

Key & Peele airs Wednesdays at 10 p.m. EST on Comedy Central.