Ted Season 2 just hit 1.2 billion views on Peacock in seven weeks. The biggest original comedy on any streaming service. Seth MacFarlane cancelled it the next day. Here's why he killed it. Each episode of Ted costs roughly $8 million to produce. The eight-episode Season 2 ran a $64 million budget. Most of that goes to rendering the bear. CGI Ted is on screen for nearly every scene, and MacFarlane refused from day one to "nickel-and-dime" the effects. The 2012 film had a theatrical window, DVD…