Thethird time may be the charm, but it will also be the end for Golden Globes co-hosts Amy Poehler and Tina Fey, the Los Angeles Times reports.

The comedic duo who emceed the 2013 and 2014 Globes to rave reviews and strong ratings are returning for one more installment Jan. 11, but after that they'll hang it up, Poehler told the "Today" show Tuesday morning.

"It's [the] law of diminishing returns, which is why this is our last time," she said while promoting her new book, "Yes Please." "Unless you want to be a perennial host, there's nowhere to go but down."