Simon Cowell's UK based "X Factor" is making its way stateside this fall on FOX. The winner is guaranteed a $5-million record deal, which makes it the largest prize in television history!
The show will also feature contestants age 12 and up. In a statement issued by FOX, Simon said, "I like the idea that a 12-year-old on this show can compete with an older singer and a singing group."
The panel of judges who will fill the seats next to Cowell remains a mystery. Possible judges include Christina Aguilera, Cheryl Cole (judge on UK's "X Factor"), Mick Jagger, Mariah Carey, Nicole Scherzinger, Noel Gallagher (former lead guitarist for Oasis) and Mario Lopez's personal pick, Jamie Foxx.