The “X Factor” Winner Will Get $5 Million [VIDEO]

The first winner of the U.S. version of Simon Cowell's show "The X Factor" will walk away with a record $5 million record deal from Sony, the largest prize in TV show history. The names of the U.S. version's host and judges' panel have yet to be revealed. However, according to the press release, both the host and the judges will be announced "in the coming weeks." Auditions for the first US season of The X Factor will kick off in Los Angeles on March 27.  Hopefully the contestants are better than these guys.