Britney Spears Officially Signs On As 'The X-Factor' Judge - Report

It's official! The pop princess Britney Spears has officially signed on as a judge for the second season of The X-Factor. After months of negotiations, Spears has finally worked out the details of the fine print. She will be paid $15 million and will be joining Simon Cowell and L.A. Reid on the judging panel. So far, there is no confirmation on the reports that Demi Lovato will be a part of the show.

From E! Online:

"The contract is signed," reveals source close to the star. "There's been a lot of back and forth over the past few weeks as they negotiated the small details, but she's on. It's all completed and Britney is beyond excited."

Cowell blew up the show's cast at the end of its inaugural season, firing judges Paula Abdul and Nicole Scherzinger and host Steve Jones. Since then, he's been searching for the perfect panel in hopes of boosting the show's second-season ratings.

"She's ready for this," the insider continues. "She can't wait to sit down next to Simon at the judges' table and give this everything she's got. She is excited about showing the world that she can do this, and do this well. This is the perfect next stage in her career. Both Britney and Simon are very excited to work together."

Are you guys excited?

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