It has been confirmed that the show has been "poached" by another broadcaster, but the new broadcaster has not yet been revealed.
Mark Linsey, acting director of BBC Television, released a statement regarding the talent show.
"The BBC is incredibly proud of The Voice, but the fifth series which starts in January will be our last," he said. "We always said we wouldn't get into a bidding war or pay inflated prices to keep the show, and it's testament to how the BBC has built the programme up - and established it into a mainstay of the Saturday night schedule - that another broadcaster has poached it."
The next series, which begins in January, will feature will.i.am, Boy George, Paloma Faith and Ricky Wilson.
While details of the new broadcaster has yet to be confirmed, it has been widely speculated that The Voice will move to ITV, the same channel which is home to rival talent show The X Factor.
A BBC source told the Telegraph: "We made a final bid for The Voice that we wouldn't increase. We understand that ITV offered substantially more and we refused to compete. We have to be careful with licence fee money and we didn't think it was in viewers' interests to pay over the odds."
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