The WB and Warner Bros. TV have finally come up with a name for their untitled “Gilmore Girls” spinoff: Canceled.

According to the network and studio, the two sides couldn’t come up with a sensible financial model by which to produce the show’s six-episode order. That’s apparently because the show was conceived as a vehicle to be shot entirely on location in Venice.

Though series exec producers Amy Sherman-Palladino and Daniel Palladino were referring to the California beach community — and not Italy — it’s not cheap to film a one-hour drama completely out of the studio soundstage environment. “Gilmore Girls,” for example, is produced entirely on the Warner Bros. lot.

Insiders said the license fee Warner Bros. TV needed to produce the spinoff would have made the drama one of the most expensive shows on the WB — possibly even more than the pricetag for the hit mother “Gilmore” ship.

Costs too high

In a joint statement, WB Entertainment prexy Jordan Levin and Warner Bros. TV topper Peter Roth said costs to produce the show “were simply prohibitive.”

“Everyone involved in the project agreed that the necessary cost cuts would severely compromise the creative vision and quality of the show,” the execs said.

Spinoff was set to revolve around “Gilmore” regular Milo Ventimiglia’s character Jess Mariano, who reunited with his estranged father (Rob Estes) and moved to Venice.

“I should have listened to what my mother told me when I was a little girl: ‘If you set a show in Venice, no one’s gonna pay for it,’ ” Sherman-Palladino quipped. “This was a great project, with a great cast.”

Sherman-Palladino and Palladino will continue to focus on “Gilmore,” which enters its fourth season this fall.