The agreement of Simon Cowell to maintain X Factor and the British Got Talent on waves until 2022

Simon Cowell is expected to sign a multi-million-pound contract to keep The X Factor and Britain's Got Talent on air until the end of 2022 at least.

The music mogul, 59, said on television that he was about to sign a three-year deal with ITV bosses for large-scale broadcasts.

Insiders say the terms will be similar to those of its latest deal, signed in 2016, which was personally worth around £ 25m.

The budgets of several million pounds of emissions will remain about the same.

One source said: "There have been recent meetings between Simon's producers and ITV executives to review some of the details, but Simon is already considering taking advantage of the ITV series' successes. Everyone is looking forward to the future.

"Although some details in the paperwork still need to be sorted out, from the fans' point of view, it's a three-year contract, which means that these much-loved shows will stay on ITV for a long time. "

Simon, who launched The X Factor in 2004 and BGT in 2007, is currently very happy both on screen and on screen.

He follows a vegan diet and looks slim and fit with his partner Lauren Silverman, mother of their son Eric, five, at the summer party of his company, Syco, in London last week.

The X Factor final last December saw a peak of 7.5 million viewers, an increase of 500,000 over the previous year. Britain's Got Talent final in June was watched by 9.7 million people.

One source said, "Simon loves life and tries new things like the X Factor with old candidates coming back, and the celebrity version will make things happen. He has a good feeling. "