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OTRC: 'The X Factor' gets picked up early for a third season by Fox

L.A. Reid, Demi Lovato, Britney Spears and Simon Cowell on the set of THE X FACTOR airing on FOX. (Ray Mickshaw / FOX)

Simon Cowell's hit singing competition "The X Factor" has been renewed for a third season.

On October 22, FOX announced that they have ordered a full third season of "The X Factor," and Cowell says that this time, the audience can expect fireworks.

"I couldn't be happier about 'The X Factor' already being renewed for another season," Cowell said on October 22. "I am so proud of the show and the team who have made it this season. I want to thank our incredible sponsors for their support and creativity, and FOX for going out of their way to do everything they can to make this show a success."

"Most importantly, I have to personally thank our amazing fans for the support and enthusiasm they have given to 'The X Factor,'" Cowell continued. "Our main commitment will always be to find great talent, and let's not forget, we are now days away from our first live shows. The gloves are off! Expect fireworks!"

Cowell launched "The X Factor," which is based on his British series, on the network last year following his exit from "American Idol." He serves as a judge alongside record executive L.A. Reid and season 2 newcomers Britney Spears and fellow pop star Demi Lovato. Each judge is responsible for a "team," grouped mainly by age, and they act as mentors to their respective contestants.

This week on the series, there will be an all-new special one-hour episode featuring the conclusion of the "Judges' Homes" round of the show. All four judges' categories - teens, over 25s, young adults and groups - will be revealed, and the top 16 will be official.

On Thursday, November 1, the top 16 will then move forward to the live shows, where the audience will finally get their chance to take part in the voting process. The live shows will continue on Sunday, November 4, and the season 2 finalists will be announced.

The all-new episode airs on Tuesday, October 23 at 9:30/10:30 CT on Fox.

On Tuesday, October 16, Fox announced that Khloe Kardashian Odom and Mario Lopez are set to be the co-hosts of "The X Factor" season 2. The two had been rumored to be co-hosts for the show for days before the Tuesday announcement.

"The worst kept secret in Hollywood is out," Simon Cowell said in a statement. "Mario and Khloe are our hosts. They will debut on our first live show in November and I couldn't be happier."

Odom has never hosted a television show before, only radio programs. She previously appeared as an award presenter at events such as the Teen Choice Awards and the Critics' Choice Movie Awards.

Lopez, who is likely best known for his role as AC Slater on "Saved By the Bell," is the host of the entertainment news program "Extra" and is also the host of the Clear Channel radio show "On with Mario Lopez."

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