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Fans have been asking us where the second season of Dynasty is for awhile, and we're not surprised. The second season introduced Joan Collins as Alexis, and that's when the show really started to take off. Fox released the 15 episode first season in April, 2005, and we haven't heard a word about them continuing the series.
We called over there the other day, and Fox explained the situation to us. The first season didn't do as well as they had hoped (even taking into account that the show hadn't hit its stride yet), so they haven't scheduled any remaining season. There's a twist though; the rights to Dynasty go to Paramount in November, 2006, which means Fox wouldn't have been able to release the entire series anyway. Now that's good news for Paramount; Fox has already taken care of the first season and now they can jump in on season 2 (which should sell better than season 1 because it's more popular).
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