Beyonce could join 'X Factor USA' judging panel for $500m

London, Feb 3 (ANI): Simon Cowell has reportedly offered Beyonce an incredible 100 million dollars per year if she signs up as a judge for five seasons of 'X Factor USA'.

The 52-year-old talent show boss seems keen to snag the world famous superstar in his bid to revive the talent show when it returns later this year.

There are currently two empty seats on the judging panel after Paula Abdul and Nicole Scherzinger were axed.

Such a sweet deal could make Beyonce one of the highest paid entertainers in the industry, although the 500-million-dollar figure being touted by the website does seem somewhat inflated, even for a star as big as her.

Beyonce, who gave birth to baby Blue Ivy last month appeared as a guest singer and mentor on the British 'X Factor' back in 2008 where she did a duet with Alexandra Burke, who went on to win the show that year.

MediaTakeOut claims Cowell is keen to get some star power from Beyonce in a bid to boost ratings on the U.S. version.

When the show was launched last year, the TV magnate said that he wanted to get at least 20 million viewers.

But while the Fox programme obtained a good audience share on its Wednesday and Thursday night slots, it only commanded around half the audience Cowell had hoped for.

"[Cowell] wants a big name female star on the panel," the Daily Mail quoted the insider as telling gossip website MediaTakeOut.com.

"Mariah [Carey] is good, but she's not that hot today.

"He wants Beyonce because that would immediately give him the bounce needed to beat American Idol," the source said.

If Beyonce accepted it would make her and husband Jay-Z worth well over 1 billion dollars combined.

The website claimed that another source close to Beyonce remained "tight-lipped" but said to expect a "major" career announcement from the star in the next month or so.

A spokeswoman for Cowell declined to comment on speculation about the new judging line-up for X Factor USA. (ANI)