'America's Got Talent' cast news: Nick Cannon speaks out on leaving the show; Tyra Banks to become new host

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After eight years as the host of the famous talent contest show, “America’s Got Talent,” Nick Cannon has decided to say goodbye to his hosting gig on NBC.

In lengthy Facebook and Instagram posts in February, Cannon revealed that a network executive threatened him with termination for making racial jokes.

“After days of deliberating over some extremely disappointing news that I was being threatened with termination by Executives because of a comedy special that was only intended to bring communities closer together, I was to be punished for a joke,” 36-year-old Cannon wrote.

“NBC believed that I was in breach of contract because I had disparaged their brand,” he went on to say.

The “Real Husbands of Hollywood” star stressed that no amount of money can trample his dignity and integrity. He expressed that he has been emotionally devastated by his intention to leave the show that he loved and enjoyed so much.

He wished he didn’t have to walk away from “America’s Got Talent,” but Cannon said, “my soul won’t allow me to be in business with corporations that attempt to frown on freedom of speech, censor artists, and question cultural choices.”

Regardless of his issues with the network, the television personality extended his well-wishes to the upcoming season of the reality show.

Meanwhile, Howie Mandel, one of the show’s judges, has announced on Twitter that supermodel Tyra Banks will host the upcoming 12th season of “America’s Got Talent.”

The “America’s Next Top Model” creator and executive producer will be joining the reality show judges: Mandel, Mel B, co-Victoria’s Secret model Heidi Klum, and Simon Cowell, creator of the “Got Talent” format.

“I look forward to connecting with the dreamers,” Banks said in a statement (via Hollywood Reporter). She added that she’s excited to give the contestants her words of encouragement and hugs if she needs to.

The 12th season of “America’s Got Talent” is expected to premiere this summer on NBC.