In a statement released to PEOPLE, David Hasselhoff says, "I am proud that I was part of making Americaâ€™s Got Talent the No. 1 rated show for the past four summers. Itâ€™s been a rewarding experience and now Iâ€™m thrilled to be able to follow my dream to do my own TV show, which will be announced very shortly."David continues to say, "I want to thank my friend, (executive producer) Simon Cowell, and everyone at NBC and Fremantle for the opportunity for four great years."NBC released a statement in response saying, "Davidâ€™s been an integral part of the success of Americaâ€™s Got Talent and we are sad to see him go. We wish him all the best with his new show."According to Extra and People the show will go on for a fifth season next summer, however, no word on who will replace him.