The secret’s out: the Victoria’s Secret Fashion Show is canceled.
L Brands, the lingerie company parent company, confirmed the cancellation on its earnings call Thursday and said it wants to “evolve the marketing” of the brand, according to Variety.
The annual event, aired since 2001, had declining television ratings in recent years. Per Variety, the 2018 edition had 3.3 million viewers. Previously, the fashion show had 6.7 million viewers in 2016 and 9.7 million viewers in 2013.
In May, Victoria’s Secret announced the fashion show would no longer air on network television, CBS News reported citing a news release.
“We must evolve and change to grow. With that in mind, we have decided to re-think the traditional Victoria’s Secret Fashion Show. Going forward we don’t believe network television is the right fit,” Victoria’s Secret said in the release.
