IT´S OFFICIAL: BRITNEY WILL BE ON NEXT SEASON OF X FACTOR USA!!!!!

It’s finally official – Britney Spears and Demi Lovato are joining “The X Factor.”

After much speculation and numerous reports, FOX confirmed the pop stars were joining the judging panel of Simon Cowell’s reality show during the Upfront Presentation in New York City on Monday afternoon.

Prior to the reveal, Britney posted a photo to her Twitter page, with the hashtags #britneyxfactor #SimonBritneyDemiLA, showing the pop princess with her new co-workers: Simon, LA Reid and Demi. See the photo, HERE!

Britney and Demi (whose first official “X Factor” promo photos appear above) will replace the departed Nicole Scherzinger and Paula Abdul, who left the show after one season, along with host Steve Jones.

“Not to be negative about the people leaving, but we just felt the mix could be more effective and more entertaining,” Peter Rice, entertainment chairman for the Fox Networks Group, told reporters earlier in the day on Monday.

Back in February, Simon spoke to Access Hollywood’s Billy Bush where the reality mogul said “X Factor” would be a “walk in the park” for Britney.

“I’m fascinated by [Britney.] The fact that she’s one of the most talked about – not just pop stars – but people in the world today, means that you’ve got this star power,” Simon told Billy at the time. “This girl has got resilience. I would think that if she’s managed to sustain a family, a career, which is tough, [‘X Factor’ would be] a walk in the park.”

While Simon is clearly impressed with the chops Britney will bring to the table, not everyone appears to agree.

During a press conference earlier this month, new “America’s Got Talent” judge Howard Stern said he doesn’t think the pop princess will bring much to the judges’ table.

“As far as any real criticism, I think Simon [Cowell] and L.A. Reid will be doing that. I think Britney is going to stand there and eat a lollipop and wear a sexy outfit. I don’t anticipate great opinions out of her,” Stern said. “I think she’s going to sit there like J.Lo and [say], ‘Oh, you’re wonderful. You’re terrific. Do you think I could get a perfume endorsement out of this? You think I could perform on the show?’ I think that’s what it’s about.

“I’ll tune in to see what kind of train wreck she is, absolutely,” he added.

(WATCH) Simon Cowell talks about Britney on Acces Hollywood

Britney Spears is playing the mommy card and insisting on a no-travel clause in her contract to be a judge on “The X Factor,” Flash has learned.

Sources say the mother of two is very close to terms on money with producers who need to replace Paula Abdul and Nicole Scherzinger for the talent show’s second season.

After demanding $20 million, and rejecting an offer of $10 million, Spears is expected to sign for between $12 million and $15 million. But there are still some sticking points.

Spears wants a limit to how much traveling she’ll have to do, similar to the deal Howard Stern worked out with “America’s Got Talent,” which moved its live shows from Los Angeles to New York to accommodate the shock jock.

Since both Britney and “The X Factor” are based in L.A., no relocations are necessary, but the show tapes auditions in several cities around the country.

The mother of Sean, 6 and James, 5, is also said to be demanding an “out clause” allowing her to quit after one season, while executive producer Simon Cowell wants a two-year commitment.

Meanwhile, we also hear George Clooney’s girlfriend Stacy Keibler, a former WWE wrestler and “Dancing with the Stars” second runner-up, is currently in talks to co-host “The X Factor” — not to be a judge.

“She knows nothing about music,” one insider said. “But she has great legs and a great smile.”

Sources: Acces hollywood / The Daily

R U SERIOUS?? IS BRITEY WHAT ABOUT TALKIN? SHE IS THE FUCKIN QUEEN OF POP!! SHE CAN WANTS ALL, THEY SHOULD GAVE HER ALL!!

Hold It Against Me sneek peak on Access Hollywood