Just a day after the prize for the American version of X Factor was revealed, the show's master mind Simon Cowell has given his opinion on the country's talent. 

Speaking during a preview for the USA's run of the popular talent show, Cowell explained:

"Why I'm back is that I believe America has the best talent in the world. I believe that with all my heart,"

"We want someone who's going to become a global superstar and they're out there in America, that's why you've got to enter this show. If you've got the X Factor, you think you can take everyone on, bring it on."

He also gave his reasons for taking the show to the States:

"The reason we decided to do this show in America was not just to do another show, I want to do it bigger and better than anything before."

"It's going to be more extreme, more fun, more exciting. If I couldn't do that, I wouldn’t do the show,"

The auditions are set to begin in March, and Cowell also took time to address the huge prize at stake:

"If you win this competition, I'm going to put my money where my mouth is, it's a $5million recording contract. That means the winner walks away with $5million guaranteed. Win this competition, it will change your life forever."

Watch one of the commercials for the forthcoming season here: