Simon Cowell has negotiated a new U.K. TV deal to continue making his hugely popular talent shows The X Factor and BRITAIN'S GOT TALENT - for a reported $150 million (£100 million).
The music mogul has signed a new three-year contract with British broadcaster ITV to keep the hit shows on the network until 2013.
The deal comes after months of speculation Cowell will take The X Factor off-air in the U.K. next year (11) so he can concentrate on launching the contest Stateside.
It is thought Cowell will personally bank around $30 million (£20 million) from the contract, according to Britain's The Sun.
Cowell says, "I'm thrilled to conclude this deal with ITV to enable our relationship to continue to develop.
"I'm committed to making sure both shows get bigger and better every year."