Ryan Seacrest Staying With “American Idol” For 2 More Years

Seacrest's deal is worth around $15 million a year.

Ryan Seacrest is staying on at "American Idol."

On Monday night, FOX confirmed that the host will continue to present the reality singing competition.

VIEW THE PHOTOS: 'American Idol' Team: Then & Now

"For the last 11 seasons, I've had the privilege to be a part of one of television's most iconic shows. It's been a wild ride, and I'm excited for my journey with 'American Idol' to continue," Seacrest said in a statement. "The legions of fans, amazingly talented contestants, judges, and producers, along with the hard working 'Idol' crew, impress me every time we go on air and make hosting the show a dream job. I especially appreciate the support and confidence of Peter Rice, Mike Darnell and the entire FOX team – as well as the support of everyone at FremantleMedia North America – and I look forward to continuing our partnership."

Ryan's contract with FOX was up at the end of the current season, and producers had hoped to keep him.

VIEW THE PHOTOS: Let's Hear It For The Boys! 'American Idol's' Top 13 Men, Season 11

According to The Hollywood Reporter, Ryan's new deal extends for two years and is worth around $15 million a year.

U.S. & World

Stories that affect your life across the U.S. and around the world.

Conjoined twin Abby Hensel is now married

Trump claims crime rates are soaring. The numbers indicate otherwise.

While no details about his contract were released by FOX on Monday night, the "Idol" bosses expressed their joy at keeping him on.

"Ryan is one of a kind," Mike Darnell, President of Alternative Entertainment, FOX Broadcasting Company, also said in a statement. "His ability to engage the viewers, keep the contestants at ease during intense moments and adapt to any situation, especially during the live shows, solidifies him as the absolute best in the business. He is an integral part of why 'American Idol' is a true phenomenon, and we can't imagine doing this show without him."

VIEW THE PHOTOS: 'American Idol' Season 11 - The Top 13!

Copyright 2012 by NBC Universal, Inc. All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.

Related Content from AccessHollywood.com:
VIEW THE PHOTOS: Top 5 Artists 'American Idol' Finalists Should Avoid Covering

PLAY IT NOW: Ryan Seacrest & Randy Jackson: 'American Idol's' Top 13 Episode Was 'Crazy' & 'Intense'
PLAY IT NOW: Randy Jackson Shares His Memories Of Dick Clark

More from Access: [ American Idol Ryan Seacrest Media ]

Copyright NBCAH - Access Hollywood
Contact Us