Tyra Banks

Tyra Banks is ending her talk show after this season.

"This will be the last season of The Tyra Show," Banks tells People. "I've been loving having fun, coming into your living rooms, bedrooms, hair salons for the past 5 years."

Check out photos of Banks through the years

The girl-powered Tyra Banks Show, which has won two Daytime Emmys, will wrap in spring 2010, after which the model-turned-entrepreneur will focus on the launch of her film company, Bankable Studios. The company is currently reviewing projects, which much like her talk show, will seek to empower women.

"My next huge steps will allow me to reach more women and young girls to help us all feel as fierce as we truly are," Banks says.

Banks' announcement comes one month after her longtime mentor Oprah Winfrey announced her upcoming exit from daytime TV. "With Oprah's big announcement this year, I think that gave Tyra the confidence to get out there and follow her longtime dream of film producing," a source tells the magazine.

Watch videos of Banks

Banks will still be a small-screen staple: America's Next Top Model and ABC's True Beauty, which the 36-year-old produces, return in February.

Will you miss The Tyra Banks Show