January 11th, 2013
03:39 PM ET
Simon Cowell now has another seat to fill on "The X Factor" as Britney Spears has officially quit the show.
In a statement, the 31-year-old singer confirms the widespread reports that she's leaving the Fox singing competition after judging for one season. Her exit follows judge L.A. Reid's departure late last year.
According to a rep for Spears, the move was her choice and the network has been informed.
"I've made the very difficult decision not to return for another season," Spears says in her statement. "I had an incredible time doing the show and I love the other judges and I am so proud of my teens, but it's time for me to get back in the studio."
Cowell brought on Spears and Demi Lovato last spring to replace judges Paula Abdul and Nicole Scherzinger, who were let go from the show after it concluded its first season. It was rumored at the time that Spears commanded a $15 million payday.
"Watching them all do their thing up on that stage every week made me miss performing so much!" Spears said in her statement. "I can't wait to get back out there and do what I love most."
A source close to Spears tells CNN that she might be "getting back out there" in Sin City, as she's "very interested in a Vegas residency, and is in serious talks with one of the major casino groups."
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