"As a singer, songwriter and producer, it's going to be fun and rewarding to help find new talent and give back with American Idol," a statement from Carey reads, WPTV
reports. "I can't wait to channel my creative energy as a part of this show, which is a massive global phenomenon."
After Jennifer Lopez and Steven Tyler quit the judging panel earlier this month (Jul12), The Hero hitmaker's name was tossed into the ring as a potential replacement.
And now the 42 year old has been confirmed as longtime pal and consultant Randy Jackson's sidekick for the upcoming 12th season of Idol. The icon's new deal is said to be worth $17 million (GBP11 million).
Kevin Reilly, president of entertainment for Fox Broadcasting, told television critics on Monday in Los Angeles that popular singer Carey will be the replacement for departing judge Jennifer Lopez, The Chicago Tribune
According to MTV
news, this year's season 11 suffered the steepest ratings drop in the show's history, with ratings down 23 percent.
Reilly told the gathered press that Carey's manager and frequent studio companion, sole remaining original "Idol" judge Randy Jackson, was "very instrumental" in bringing the star to the show.
It isn't known who will be joining Jackson and Carey on the show but names in the mix include Black Eyed Peas stars will.i.am and Fergie and former Idol stars Carrie Underwood and Adam Lambert.
Former "Idol" runner-up Adam Lambert
, whose asking price will most surely be well below Carey's diamond-studded price tag, has been rumored to be circling the third seat on the panel, but Reilly didn't address that possibility on Monday, MTV