"The 'Nick Cannon' talk show will not debut this year," said a spokesperson for the company in a statement to Page Six.
"After conversations with Nick, we do believe that his public comments don't reflect his true feelings and his apology is heartfelt and sincere. We want to continue the healing process as he meets with leaders of the Jewish community and engages in a dialogue with our distribution partners to hear their views," the statement continued.
"We are standing by Nick in our hope that by fall 2021 he will be able to use his extraordinary talent and platform to entertain, enlighten and unite his audience on the 'Nick Cannon' talk show," the statement added.
"Lionsgate and Debmar-Mercury condemn anti-Semitism, racism and hate speech," the statement concluded. "It runs counter to everything we stand for."
Cannon has apologized for the controversial statements he made against Jews and white people on his podcast, and has promised to educate himself about the pain he caused the Jewish community.
Cannon was also fired by ViacomCBS, the parent company of MTV, over the podcast comments. He responded in a lengthy statement that accused the company of oppressing him and demanded they give him full ownership of the show he developed and produced for corporation.
"They wanted to put the young Negro in his place," replied Cannon in the statement. "They wanted to show me who is boss, hang me out to dry and make an example of anyone who says something they don't agree with."
ViacomCBS had maintained a business relationship with Cannon since the 1990s.
Cannon's fans have worried about his reaction to the fallout from the controversy because of odd statements he's made from his Twitter account.
"I hurt an entire community and it pained me to my core, I thought it couldn't get any worse," he tweeted.
I hurt an entire community and it pained me to my core, I thought it couldn’t get any worse. Then I watched my own… https://t.co/yCiJxg7hCZ— Nick Cannon (@Nick Cannon) 1594965498.0
"Then I watched my own community turn on me and call me a sell-out for apologizing. Goodnight. Enjoy Earth," he concluded.
Here's more about the Cannon anti-Semitic controversy:
Nick Cannon apologizes to Jewish community for anti-Semitic commentswww.youtube.com