A source said Cowell is in the final stages of talks with ITV over a new five-year agreement for the variety show, which will be the longest deal he has done with the British broadcaster. An official announcement could be made as soon as this week.
The new contract, however, will see ITV reduce its commitment to Syco’s other format, The X Factor. The singing contest, which has suffered significant viewing declines in recent years, will only return for one more season under the fresh deal, but ITV will retain an option to bring the show back in the future.
Traditionally, Cowell has packaged up Britain’s Got Talent and The X Factor in three-year ITV deals, the