The supermodel, 49, isexiting the Disney+ dancing competition seriesafter three seasons as host, she told TMZ on Thursday.
Tyra Banks.Christopher Willard/ABC via Getty Images

Representatives for both Banks andDWTSdid not immediately respond to PEOPLE’s request for comment.
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Tyra Banks.Eric McCandless/ABC via Getty Images

Banks first joinedDWTSas a host during the show’s season 29 in 2020, replacingTom BergeronandErin Andrews.
“I’ve been a fan ofDWTSsince its beginning … The fun mixed with raw emotion, seeing celebrities push past their comfort zones, the sizzling dance performances … it’s always transported me to my days of turning it up 10 notches on the catwalk,” Banks — who also become an executive producer on the series — said in a statement at the time.
Tom Bergeron and Tyra Banks.Dave Kotinsky/Getty Images; Tim Mosenfelder/Getty Images

Bergeron, 67, had previously hosted the reality dance competition alongside a variety of co-hosts since its premiere in 2005. Andrews, 44, joined Bergeron as a co-host in 2014.
Banks, meanwhile, was previously a co-host ofAmerica’s Got Talenton the show’s 12th season, the host ofThe Tyra Banks Showand was the creator ofAmerica’s Next Top Model.
She’s launched a number of business ventures over the years, includingSMiZE Cream, her own ice cream brand.
RELATED VIDEO: Tyra Banks On What Changes Fans Will See onDWTS: ‘You Will See Togetherness’ in an Unexpected Way
“I can’t come in with a battering ram and try to change everything. That would be a bad business decision and dumb leadership. So I’m not doing that,” she continued.
“I listened to research, I listened to the fans, I killed half of my ideas and then I doubled down on some of them,” Banks added. “We want to implement those ideas but still respect the show — and add a little pixie dust!”
In July 2022, ABC announced thatAlfonso Ribeirowould be co-hostingseason 31ofDWTSalongside Banks. It also marked the first season of the series moved to stream on Disney+ instead of airing live on ABC, where it first debuted.
Season 32 ofDancing with the Starsis expected to air on Disney+ this fall.
source: people.com