Simon Cowell has put pen to paper on a new five-year deal with ITV, it has been announced.

The agreement will see the music mogul’s shows appear exclusively on the channel until at least 2024, ITV said.

It includes five series of Britain’s Got Talent and at least one of The X Factor.

Cowell said: “I am thrilled our relationship with ITV is to continue for the foreseeable future.

Simon Cowell
Simon Cowell has agreed a new deal with ITV (Kirsy O’Connor/PA)

“ITV has always been home to Britain’s Got Talent, The X Factor – and me – and this long-term commitment shows the mutual respect in our partnership.”

The five-year commissioning deal is between ITV and Cowell’s Syco Entertainment and Thames, part of Fremantle UK.

Kevin Lygo, ITV’s director of television, said: “We are delighted to have secured Simon for another five years with ITV.

“His track record speaks for itself. He creates shows that bring the nation together, celebrating the talent and diversity of modern Britain and giving ordinary people with extraordinary talent the chance to find fame.”

X Factor used to be one of Cowell’s most dependable shows, but has suffered a ratings decline in recent years.

A celebrity spin-off version, which first aired in October, failed to win viewers back.

The X Factor: The Band aired for the first time this week and reportedly lost a quarter of viewers over the course of its opening episode.

Stars to have found fame on The X Factor include One Direction, Leona Lewis, Little Mix and Olly Murs. Paul Potts, Lost Voice Guy and Susan Boyle all got their start on Britain’s Got Talent.