After a couple weeks of speculation, E! News has confirmed that Britney Spears will be a judge on the next season of The X Factor along side Simon Cowell and L.A. Reid.

E! News has reported that her deal is worth $15 million for one-season.  The source reporting this says both Britney and Simon Cowell are very excited to work together.

When The X Factor debuted last fall it had 4 judges and at the end of the first season Simon Cowell shook up the show by firing the host and two of the judges, Paula Abdul and Nicole Scherzinger.  Since then there have been many names tossed around as potential new judges and Britney's is the first to be confirmed.  Other names still in the mix are Demi Lovato and Miley Cyrus.  Miley's name is also being tossed around as the new host for the show.

The remaining judges seat and host positions are expected to be filled by the time Fox announces its fall line up early next week.