The X Factor, a popular singing competition that aired on ITV for 15 seasons and reached over 10 million viewers at its peak, is reportedly being considered for a revival. The show, which launched the careers of stars like One Direction, Leona Lewis, and Olly Murs, was canceled seven years ago due to declining ratings. Now, with rumors of a comeback, challenges include meeting Simon Cowell’s high standards, financial limitations, and creative disagreements between involved parties. According to an insider speaking to the Daily Mail, Simon Cowell, who owns the show’s format, is proud of the success stories created by The X Factor, including Little Mix and JLS. Cowell has reportedly expressed concern about a "Poundland version" of the show, meaning a cheaper, lower-quality revival, which he believes would be a "shame." Financial issues are a major obstacle, as ITV, which previously earned substantial advertising revenue from the show, may not have the budget to fund a revival at its former scale. It is expected that the new version would have "half of the old sum, if not less," with fewer live episodes and more pre-recorded auditions to cut costs. There are said to be "big disagreements" between ITV, Cowell’s team, and the production company Talkback Thames over the fee ITV will pay for broadcasting the show, with half of that fee going to Cowell. Despite financial constraints, Cowell is said to "not allow it to be made cheaply" due to his perfectionism. He also holds significant influence over the show’s revival, as he has signed many of the show’s winners and runners-up to his label, Syco Music. Cowell is reportedly not interested in returning as a judge, preferring to focus on a second Netflix series featuring his new boyband, December 10. However, he may still play a role in the revival due to his experience with younger audiences. The loss of Cheryl, who was a judge from 2008 to 2010 and again from 2014 to 2016, is seen as a significant setback. Some are "very irked" that she is reportedly in talks to join The Voice UK as a coach. ITV and Talkback Thames are said to be at odds over the type of judges, with ITV favoring influencers and Talkback preferring traditional celebrities. The Voice UK, which moved to ITV in 2015, has been a "thorn in The X Factor's side," according to the insider. The X Factor has been used as a "stick to beat ITV with to get more money," but it remains to be seen if the revival can outshine The Voice once more. ITV and Talkback Thames have been contacted for comment.