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Will Katy Perry Return To American Idol?

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The hugely popular reality TV show "American Idol" has officially been renewed for a third season on ABC.

Hosted by Ryan Seacrest and featuring Katy Perry, Lionel Richie & Luke Bryan as judges, the show's season finale will take place May 19. One of the three remaining contestants will be crowned the winner.

However, it is doubtful whether the current judges will be roped in for yet another season; the show's producer told Variety that efforts are being made to lower costs, with Perry being paid a whopping $25 million each year.

In the meantime, Perry remains hugely enthusiastic about the upcoming finale, saying, "No one is going home, everyone is going to work."

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