It has been a whirlwind few months for reality TV fans.

First it was revealed that The X Factor was getting a huge shake up, with Dermot O'Leary, Louis Walsh and Mel B all axed from next season's show.

Now it's been officially announced that the legendary TV talent competition American Idol has officially been cancelled after a whopper 15 seasons.

The show turned Kelly Clarkson, Jordin Sparks and Carrie Underwood among others into household names, and over the years has had an incredible cast of judges including Jennifer Lopez, Mariah Carey, Nicki Minaj, Ellen DeGeneres, Paula Abdul, Keith Urban, Shania Twain and Neil Patrick Harris.

US TV network FOX today confirmed the news in a press conference, saying they decided it was time to end the show on a high.

"You know, it was not an easy decision," said FOX CEO Gary Newman. "American Idol has been such a vital part of Fox for its run, and we spent a lot of time talking with producers… collectively we arrived at the conclusion that it was time to bring the show to an end."

Many have speculated that the real reason for the show's cancellation is due to falling ratings, with just 11.6 million viewers tuning into last year's season finale compared to 36 million in 2006. However the show's producers say the last season will be about celebrating the show's run rather than trying to claw back viewers.

"Next year, it’s going to be a true season-long celebration. We’re already talking about surprises we can have for the fans to make it feel special," said Newman, adding that former contestants and judges would definitely be returning.

We can't believe the show is finally over… wonder what J-Lo thinks of the whole thing?