Simon Cowell will remain on Britain's Got Talent until 2025 as the show's deal is extended, according to a new report.
The music mogul, 62, will be a judge on the TV show for another four series after ITV extended the programme's current deal by 12 more months, claims The Mirror.
It comes after it was revealed on Friday that Simon is letting go of 'almost all his staff' at Syco and significantly downsizing the multimillion pound entertainment empire after almost 20 years.
Here to stay: Simon Cowell will remain on Britain's Got Talent until 2025 as show's deal is extended, according to a new report
A source told the publication about BGT: 'He is showing no signs of slowing down and is working on lots of American projects too.'
A representative for Simon and ITV have been contacted by MailOnline for a comment.
The show was cancelled last year due to the pandemic but auditions for the new series of BGT kick off this weekend at London's Palladium.
The newspaper reports that Simon flew to London yesterday ahead of filming starting.
Part of the furniture: The music mogul, 62, will be a judge on the TV for another four series after ITV extended the talent show's current deal by 12 more months, claims The Mirror
It comes just a day after it was revealed that Simon is downsizing Syco.
The star, who has repeatedly discussed his resistance to marriage, sent shockwaves earlier this week when it was revealed he had popped the question to his girlfriend Lauren Silverman, 44, and he is now said to be focused on family.
Insiders revealed Simon has begun downsizing the company: 'Simon has reached a time in his life when he doesn't want the stress of running a global empire and so has made the difficult decision to wind down Syco.'
A production source told MailOnline: 'Everyone who has worked with him is just incredibly grateful for those opportunities and experiences and they understand the direction he wants to take things. Those that are leaving will be snapped up fast'.
Big decisions: It comes just a day after it was revealed that Simon is downsizing Syco
Simon, who shares son Eric, seven, with his fiancée Lauren, has spoken in the past about his ' unhealthy addiction to work' and needing to slow down, after breaking his back in a bike crash last year and falling down the stairs in 2017.
Syco Entertainment is a media entertainment company, based in both London and Los Angeles, and founded and owned by Simon. Having previously centered on music, the company currently focuses on TV production.
The company owns The X Factor and Got Talent franchises while the music branch oversees a slew of talents founded on the respective shows.
Sweet: The star, who has repeatedly discussed his resistance to marriage, sent shockwaves earlier this week when it was revealed he had popped the question to his girlfriend Lauren Silverman, 44, and he is now said to be focused on family
Simon is said to be ready to pull back on his work commitments after nearly two decades at the helm of Syco Entertainment as he prepares for married life.
A source told The Sun: 'Simon has reached a time in his life when he doesn't want the stress of running a global empire and so has made the difficult decision to wind down Syco. Obviously everyone involved, including Simon, is very sad...
'It really is the end of an era. Simon made this decision with a heavy heart but after much deliberation he had to do what is best for him and his family...
'Running his business internationally – especially during the pandemic and since his bike accident – has become exhausting and understandably Simon now wants to focus on other things, and particularly his family.'
Ahead of beginning to film the new series of Britain's Got Talent this Sunday, the insider explained that he wants to focus on what he loves.
The source went on: 'Simon's decision will give him more time to concentrate on what he enjoys. As well as spending time with his family...
'He loves BGT and its US counterpart America's Got Talent and he'd like to continue appearing on those and being in front of the camera for years to come.'
