Earlier this week, the rumor was Demi Lovato was close to joining 'The X-Factor' panel of judges. Yesterday, it was officially confirmed that both Lovato and Britney Spears inked deals with Simon Cowell's talent show.

Everybody knew that Britney wanted big bucks for the judging gig, to the tune of $15 million, but what about Demi? Apparently, Britney dried up all of the studio's financial resources, as the former Disney star will be on the payroll for a little over seven figures per season.

[TMZ]