London, Sep 11 (IANS): 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," dailymail.co.uk 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.