Cartoon Network has denied reports of the channel shutting down.

In a statement, the channel said: Cartoon Network would like to clarify that there is no truth to the speculation that the network or the studio are shutting down. With a number of recently announced greenlights, we remain committed to continually investing in innovative content that entertains and inspires our viewers across the globe.

Reports about the "demise" of the channel were also doing rounds on social media.

Several netizens posted with the hashtag #RIPCartoonNetwork.