Simon Cowell has confirmed he has signed a five-year deal with ITV.
The 60-year-old music mogul has announced that his company Syco, and Thames, have put pen to paper on a new contract with the broadcaster.
I am thrilled our relationship with ITV is to continue for the foreseeable future.View this post on Instagram
Simon said: "I am thrilled our relationship with ITV is to continue for the foreseeable future.
"I would, of course, like to thank [Dame] Carolyn [McCall] and Kevin for their ongoing support plus all the teams at ITV, Syco and Thames for their hard work and dedication."
Kevin Lygo, ITV's Director of Television, said: "We are delighted to have secured Simon for another five years with ITV.
"His track record speaks for itself.
"He creates shows that bring the nation together, celebrating the talent and diversity of modern Britain and giving ordinary people with extraordinary talent the chance to find fame."
Amelia Brown, Managing Director at Thames, is "thrilled" about BGT and X Factor being renewed.
She said: "The X Factor and Britain's Got Talent are shows full of heart, enjoyed by the whole family.
"Both celebrate talent of all kinds, from all walks of life and after 15 and 13 years respectively, we're proud to make programmes which are much-loved staples of the ITV schedule.
"We are thrilled to continue our long-standing relationship with the network to bring these shows into people's homes across the UK."
ITV recently confirmed they were in negotiations with Syco and Thames over a new contract.
They said: "ITV enjoys a very close working relationship with Syco and Thames and are currently negotiating a new deal for 2020 and beyond. This will be announced in due course."
Leave us a comment on our Facebook page @EntertainmentDailyFix and let us know what you think of this story.