'The X Factor' and 'Britain's Got Talent' will remain on screens until 2019.
The popular talent shows, which are owned by Simon Cowell's company Syco Entertainment, have just inked a deal with broadcaster ITV to keep them on the small box for at least another three years.
Simon said: "I want to thank ITV for continuing to be fantastic partners. I'm delighted for the shows and, in particular, for all the talented people who work on them with us."
The new partnership, which includes ITV, Syco Entertainment and FremantleMedia UK, will kick off with 'Britain's Got Talent' in the spring followed by 'The X Factor' in the autumn next year.
Kevin Lygo, ITV's Director of Television, said: "'Britain's Got Talent' and 'The X Factor' are both big, brilliant, wonderful shows and I am delighted that they will continue to take up their place as an important part of our schedule for the next three years.
"They are defining shows for us, ones that we are very proud to have as part of our entertainment slate, and they continue year after year, for months at a time, to be amongst the most popular and hugely entertaining formats on television."
'The X Factor' first hit television screens in 2004 and has been responsible for the success of some of the biggest names in the industry, including One Direction and Little Mix.
'Britain's Got Talent', which currently sees David Williams, Amanda Holden, Alesha Dixon and Simon on the panel, arrived on the small box in 2006 and sees the winner of each series perform for the royal family - including either Queen Elizabeth or the Prince of Wales - at the Royal Variety Performance in London in December.
Tagged in Alesha Dixon Amanda Holden Simon Cowell