NEW YORK -- The Victoria's Secret Fashion Show will not return to network television after a nearly two-decade run.
Executives made the announcement Friday, saying they will develop a new kind of event on a different platform, though they gave no further details.
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The show first aired in 2001 with an hour-long special on ABC.
The televised fashion show originally attracted millions, but ratings plummeted by roughly two-thirds in recent years, according to the New York Times.
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The show has sparked criticism for objectifying women, and last year, company CMO Edward Razek was under fire for comments he made about plus-sized and transgender models.