In a surprise announcement Simon Cowell reveals he was offered another contract by FOX to continue with The X Factor USA.
Simon tells People Magazine he in fact decided to axe the show to take a break. "The interesting thing is everybody thinks X Factor was cancelled - that wasn't the case," he said. "What happened was that after three years, I said, 'I can't do this any more' - it was just too many shows."
"Fox offered us another season, but I couldn't do it, so that's why we stopped the production, because I couldn't do it anymore. Even though the numbers weren't as good as we hoped, in today's climate they were brilliant figures - we just didn't realise it at the time!"
Simon - who has returned to the States for the new season of America's Got Talent - admitted that he was "too tired" and facing "too much pressure" during filming for The X Factor USA, saying that it had lost its fun.
But he explained: "I started to enjoy doing the UK shows again, and then I really felt mentally, physically, this is the right time to do this in the States again."
Continuing, Simon said: "Fox offered us another season, but I couldn't do it, so that's why we stopped the production, because I couldn't do it any more.
The show lasted for three seasons - producing winners Melanie Amaro, Tate Stevens and Alex & Sierra, and acts like Fifth Harmony - before ending in 2013.