Louis CK's professional career - for the moment, at least - is now over.

The TV studio which launched his career into the mainstream, FX, ended its overall deal with the comedian and removed his executive producer credit for a number of shows he's been involved with, as well as effectively cancelling his hit dramedy show, Louie.

"He will no longer serve as executive producer or receive compensation on any of the four shows we were producing with him – Better Things, Baskets, One Mississippi and The Cops," the statement read.

“Louis has now confirmed the truth of the reports relating to the five women victimized by his misconduct, which we were unaware of previously. As far as we know, his behavior over the past 8 years on all five series he has produced for FX Networks and/or FX Productions has been professional. However, now is not the time for him to make television shows."

This comes less than 24 hours after indie distributor The Orchard cancelled both the premiere and overall release of I Love You, Daddy, a new black-and-white dramedy in which he also starred. Netflix also confirmed that they were cancelling a future stand-up special planned with CK in 2018. On top of all this, both his publicist and his management company have severed ties with him in the wake of CK's admission of guilt.

Here's that statement, in full and unedited.

I want to address the stories told to the New York Times by five women named Abby, Rebecca, Dana, Julia who felt able to name themselves and one who did not.

These stories are true. At the time, I said to myself that what I did was okay because I never showed a woman my dick without asking first, which is also true. But what I learned later in life, too late, is that when you have power over another person, asking them to look at your dick isn’t a question. It’s a predicament for them. The power I had over these women is that they admired me. And I wielded that power irresponsibly.

I have been remorseful of my actions. And I’ve tried to learn from them. And run from them. Now I’m aware of the extent of the impact of my actions. I learned yesterday the extent to which I left these women who admired me feeling badly about themselves and cautious around other men who would never have put them in that position.

I also took advantage of the fact that I was widely admired in my and their community, which disabled them from sharing their story and brought hardship to them when they tried because people who look up to me didn’t want to hear it. I didn’t think that I was doing any of that because my position allowed me not to think about it.

There is nothing about this that I forgive myself for. And I have to reconcile it with who I am. Which is nothing compared to the task I left them with. I wish I had reacted to their admiration of me by being a good example to them as a man and given them some guidance as a comedian, including because I admired their work.

The hardest regret to live with is what you’ve done to hurt someone else. And I can hardly wrap my head around the scope of hurt I brought on them. I’d be remiss to exclude the hurt that I’ve brought on people who I work with and have worked with [whose] professional and personal lives have been impacted by all of this, including projects currently in production: the cast and crew of “Better Things,” “Baskets,” “The Cops,” “One Mississippi,” and “I Love You Daddy.” I deeply regret that this has brought negative attention to my manager Dave Becky who only tried to mediate a situation that I caused. I’ve brought anguish and hardship to the people at FX who have given me so much The Orchard who took a chance on my movie. and every other entity that has bet on me through the years.

I’ve brought pain to my family, my friends, my children and their mother. I have spent my long and lucky career talking and saying anything I want. I will now step back and take a long time to listen.

Thank you for reading.