While the syndicated talk show will not return for a second season, original episodes will continue to be produced and aired for the remainder of the season, said The Hollywood Reporter.
"We're extremely proud of everyone involved with the show and would like to thank them for all of their contributions and tireless efforts," said Janice Marinelli, president, Disney/ABC Home Entertainment and Television Distribution.
"We are especially appreciative of our talented and dynamic co-hosts Chrissy Teigen, Joe Zee, Leah Ashley and Lauren Makk, and we would also like to extend a huge thanks to our station partners for all of their support."
"FABLife" marked Banks' highly anticipated return to daytime after "The Tyra Banks Show" went off the air in 2010. That series ran for five seasons and earned Banks two Daytime Emmy Awards for outstanding informative talk show.
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