Lovato And Spears On ‘X Factor’

The contracts have finally been signed: Britney Spears and Demi Lovato are now official judges on the next season of “The X Factor.”

Spears had been rumored to be in negotiations since March, and Lovato’s name has come up recently. There are reports that Spears finalized her contract last week for $15 million, but Fox officials have yet to confirm either announcement.

The official word is expected to be at a press conference today in New York, with Lovato and Spears both attending. The pair is expected to join judges “L.A.” Reid and Simon Cowell.