'Black Monday' Renewed for Season 2 at Showtime

BLACK MONDAY S01E10 Still - Publicity - H 2019
Erin Simkin/SHOWTIME

Showtime is investing in Black Monday.

The premium cable network has handed out a second-season renewal to the Wall Street comedy starring Don Cheadle, Andrew Rannells and Regina Hall. Season two of the Sony Pictures TV effort from creators and showrunners David Caspe (Happy Endings) and Jordan Cahan (My Best Friend's Girl) will consist of 10 episodes and return in 2020. Cahan and Caspe will return as co-showrunners in season two.

"Black Monday mines big comedy from the greed, the style, the music and the excess of the '80s, but it’s also sneaky smart in its social commentary about that era — and indirectly, our current era as well,” Showtime Entertainment president Gary Levine said Monday in making the renewal announcement. “We can’t wait to see what inspired depravity David and Jordan will cook up in season two.”

Seth Rogen and Evan Goldberg will continue to be credited as executive producers on the series, a co-production between Showtime and Sony TV. The duo, who were based at Sony TV for years, recently departed the indie studio for a massive film and TV overall deal with Lionsgate.

Caspe previously told The Hollywood Reporter that he was hopeful that Black Monday would return for a second season. "A lot of times if you don’t break out right away in a crazy way, it’s between seasons one and two that people find stuff," he said after the March 31 season finale. "The show is obviously written as incredibly serialized, and I think in some ways getting to watch a few in a row might be helpful for a viewer."

Black Monday wrapped its season in March with a live tune-in of 300,000 total viewers. Still, the series boasts an all-star cast, which could help come awards season. The renewal should be considered a show of faith that the comedy can grow season-to-season.

Black Monday is part of a Showtime scripted slate that also includes Billions, The Chi, Ray Donovan, Shameless, Kidding and the upcoming Roger Ailes drama The Loudest Voice, City on a Hill, Halo and revivals of Penny Dreadful and The L Word.