Posted on Mon Feb 7, 2011 07:02 AM PDT
We got the first peek at The X Factor last night during the Super Bowl, and now Fox has announced that the show will be awarding the winner a $5 million record deal with creator Simon Cowellâ€™s joint venture with Sony Music.
â€œI like the idea that a 12-year-old on this show can compete with an older singer and a singing group,â€ Cowell said in a statement. â€œIâ€™ve never believed there should be a cut-off age for talent, and we are going to put our money where our mouths are with the $5 million recording contract. Iâ€™m doing this show in America because I genuinely believe we can find a superstar.â€
This is the largest guaranteed prize in television history, so it looks like American Idol is going to have some stiff competition! In case you missed it, click after the jump to see the teaser for The X Factor...
Report: Miley Cyrus, Katy Perry, Nicki Minaj, Fergie & Will.I.Am Being Considered As Judges On American Idol - Jul 09, 2012
Ann Curry Tears Up While Announcing Her Today Show Departure - Jun 28, 2012
America's Got Talent Crowns A New Winner! - Sep 15, 2011
George Lopez Snags Interview With Arnold's Baby Mama - May 24, 2011
ABC Cancels All My Children And One Life To Live - Apr 14, 2011