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Seacrest, who has served as host on American Idol since its inaugural episode on June 11, 2002, will continue to introduce every performer, celebrity guest, and announce each week's winner through at least 2014.
"For the last 11 seasons, I've had the privilege to be a part of one of television's most iconic shows. It's been a wild ride, and I'm excited for my journey with American Idol to continue," Seacrest said in a statement FOX released.
Seacrest, who reportedly earns $15 million a year to host America's no. 1 show, thanks everyone associated with Idol for helping to make it the best gig ever.
"The legions of fans, amazingly talented contestants, judges, and producers, along with the hard working Idol crew, impress me every time we go on air and make hosting the show a dream job," Seacrest said.
Added Mike Darnell, President of Alternative Entertainment, Fox Broadcasting Company: "Ryan is one of a kind. His ability to engage the viewers, keep the contestants at ease during intense moments and adapt to any situation, especially during the live shows, solidifies him as the absolute best in the business. He is an integral part of why American Idol is a true phenomenon, and we can't imagine doing this show without him."