Simon Cowell not quitting `The X Factor`

Updated: Sep 12, 2010, 09:25 AM IST

London: Music mogul Simon Cowell has insisted he is not quitting "The X Factor", even as he revealed he was on the brink of signing a fresh multi-million pound deal with ITV.

"We have a contract to put `The X Factor` in America next year, which we are committed to," quoted Cowell as saying.

However, Cowell revealed "The X Factor" would go off screen for a year and launch again in January 2012.

"And what we now have to look at is how much time we have got to make both shows, because I`ve got less time, so we are thinking about moving `The X Factor` into a different time of the year and `Britain`s Got Talent` to a different time."

"I`ve been reassured by ITV that we have got all the money we need to make them better, if I think they are going to be better," he said.