After much speculation and rumors about whether or not Simon Cowell will be leaving American Idol; he finally announced onstage today at press tour that he is in fact, leaving the show.
Cowell spoke to the media and said, “There’s been a lot of speculation, partly because we didn’t have an agreement. We reached an agreement formally about half past 11 this morning. Where we have come to is that X-Factor will launch in America in 2011, with me judging the show and executive producing the show, and because of that, this will be my last season on American Idol this year.”
In conclusion to the press conference, Cowell signed his X-Factor contract live onstage.
No word yet any replacements, but we’ll keep you posted!