Credit: Fox

The X Factor is truly the gift that keeps on giving. We haven't even explored the beautiful world of season 2's live shows yet, and Simon Cowell has already taken to Twitter to announce that our favorite singing competition will be back next year. Hallelujah, praise the living legend that is Britney Spears!

"I wanted you guys to be the first to know that FOX have confirmed that @TheXFactorUSA will be back next year for it's third season," Simon tweeted on October 22nd as Britney Spears stans swarmed the streets in mass celebration.

This news will doubtless make many X Factor breathe a sigh of relief, especially since rumors of the shows cancellation were circulating the internet after the botch up that was last week's episode. (Damn you, baseball! Why must you be America's pastime!?)

Are you thrilled about the X Factor's third season? Sound off in the comments!

Source: Simon Cowell on Twitter

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