LOS ANGELES, CALIFORNIA: ABC's hit show 'Dancing With The Stars' is set to return for its 32nd season.

Tyra Banks will no longer host the dance competition after being replaced by Julianne Hough.

Banks has stated that her decision to quit as the hostess of the show comes after much thought on her part.

She is ready to hang up her ballroom dress and move up to the boardroom, focusing her attention and energies on developing her business and working as an entrepreneur.

Why has Tyra Banks quit 'DWTS'?

According to TMZ, the 'America's Next Top Model' star wishes to pursue her passion for business and entrepreneurship. She might work for television in the future, but as a producer behind-the-scenes, rather than as a hostess. "I think my heart, my soul is into my business, it's also into producing new TV," she remarked. "I really, really wanna focus on my business and you can't do that hosting a show, so you'll see me creating things, not just hosting."

Fans of the show have welcomed Banks' decision to quit as the hostess of the show. In a recent Instagram post on the show's official page, several users rejoiced upon learning that Bank had been replaced by Hough. One user commented, " Yay! They got rid of Tyra banks!!!!!!!!!!!". Another user remarked: "Thank goodness you guys didn't keep Tyra. Couldn't stand to watch her on there."

One user pointed out that with Banks gone now, the show could put more emphasis on where it is due: "Yay Tyra is gone!!!! back to the focus on the professionals and the stars not the host." ""I no longer have to fast forward when Tyra speaks lol.", said another user. One user appreciated the show's decision: "This is the best decision the show has made in recent years!!!"

Where is Tyra Banks now after quitting 'DWTS'?

Banks herself has made her position abundantly clear since quitting 'DWTS'. She wishes to focus on her ice cream business SMiZE and Dream, which she launched internationally in 2021. She believes that her heart and soul are in business and therefore she wishes to put all her effort into working as an entrepreneur. She believes that hosting a show and successfully running a business can't go hand-in-hand together.

Who is Tyra Banks?

Tyra Banks, also known as Banx, is a 49-year-old American TV personality, model, producer, and actress. She began her career as a model at the young age of 15 and was the first African American woman to be featured on the cover of GQ magazine. She joined 'DWTS' as the host during the show's 29th season in 2020. She graduated from Harvard Business School and her net worth is estimated to be more than $90 million.

Who is Julianne Hough?

Julianne Hough is a 35-year-old American dancer, actress, and singer. She had previously appeared on two seasons of 'DWTS' as a professional dancer, winning both seasons with her celebrity partners. She was also one of the Million Dollar Dancers in the 2006 ABC game show 'Show Me the Money'.