It’s Official: Demi Lovado And Britney Spears Are X-Factor Judges

Well, it’s official! Britney Spears and Demi Lovato are the newest ‘X-Factor’ judges, replacing Paula Abdul and Nicole Schrezenger.

The ladies made their first public appearance along with creator Simon Cowell and fellow judge and music executive L.A. Reid yesterday at the Fox 2012 Programming Presentation Post-Show Party in NYC’s Central Park, Tuesday afternoon.

How much will Spears pocket from this venture? $15 million! Not sure how much Lovato will make however.

Better yet, does Demi Lovato have enough music industry experience to have been casted as a judge? I’m not so sure about this one. Can’t wait to see Britney though! She’s recovered quite nicely since her famous meltdown a few years ago. I’m sure people will tune in to see Brit if not for the talent. Good for her.

(Photos: Getty Images)