The X Factor will award the winner of the singing competition with a $5 million record deal - the largest prize ever to be given away in TV history!  Simon Cowell is on a new search, to find the best singer or group that America has to offer.

The X Factor will pit singers of all ages against each other (with the minimum age being 12) with no limit on how old a contestant can be.  This show differs from American Idol in the fact that groups are able to compete for the $5 million prize.

Auditions get underway in LA on March 27th with additional auditions being held in Dallas, Seattle, Chicago,  New York and Miami (all dates to be determined).

X Factor is expected to premiere this fall on Fox.

Do you think this show will end up beating American Idol?