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Originally Posted by saya_leviathan
^The OP is talking about why there's no third season.
The reason why there wasn't a third season is because CLAMP is very dissatisfied with how Bee Train adapted the manga, most especially the 2nd season which after the Library arc contains a lot of fillers.
Hence, they let Production I.G. continue the anime in the form of the OVAs (Tokyo Revelation, which adapted the Acid Tokyo arc and disregarded the fillers of Season 2, and Shuraiki which only adapted the Nihon arc).
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I don't think there's any proof of that going down. It was convenient speculation given the change in animation studio, but that's about it.
At any rate, the TV series was an NHK production, whereas the OVAs were commissioned separately by Kodansha. Most likely, I.G. secured the contracts for both since Bee Train was their subsidiary at the time of the NHK project (the two companies went their separate ways in 2006).