Producer Ken Mok - who has been behind the show since its incarnation - has orchestrated the move to the new network, Racked reports, and it's said that cutting Banks's salary may be a key reason for its survival.
"The CW cancelled America's Next Top Model even though it was their most downloaded show," a source tells New York Daily News. "But the speculation was that it's because Tyra's salary is so high. It's an expensive show to make because she gets a shitload of money."
Despite this, some are now saying that Banks may make a surprise comeback when the show arrives at its new home, following her departure from her new talk show - The FabLife alongside fellow model Chrissy Teigen - after just two months on air.
"She said it was time for ANTM to end but her show bombed and now it is getting picked up again," the source went on.
Whether or not any of her fellow judges - only one of whom, J Alexander, has been in the team since the launch - will return, also remains unconfirmed.