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Alfonso Ribeiro on Co-Hosting 'DWTS' With Julianne Hough: 'Our Chemistry Is Going to Be Fantastic' (Exclusive)

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Alfonso Ribeiro is excited for the new season of  and its return to ABC!«It's fantastic. I think some people look at last season as a failure and I look at it completely opposite, right?

We were actually so much of a success on Disney+ that ABC was like, 'No, no, no, no, no, no, we want that back. We didn't realize how good this was to us,'» Ribeiro, who will host PBS' 43rd annual Fourth of July live programming event this year,, exclusively told ET's Denny Directo. «It's really a win-win for everyone.»Ribeiro acknowledged the changes ahead of 32nd season following co-host Tyra Banks' departure from the franchise in March after three seasons.

Soon after Banks' exit was made public, Julianne Hough was announced as Ribeiro's new co-host for the upcoming cycle with Ribeiro promoted to emcee.«Of course, we're all sad to see Tyra go.

She made a decision to make that her last season, but the beauty of now moving down to the floor,» Ribeiro said, revealing he and Hough had lunch together in New York City in May to discuss all things and to catch up. «Very excited to have her joining me.

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