After reports that "American Idol" would replace all four of this year's judges, including Jackson, Keith Urban, Mariah Carey and Nicki Minaj, the 56-year-old musician and producer decided to address the rumors himself.
"Yo! Yo! Yo!" Jackson said in a statement.
To put all of the speculation to rest, after twelve years of judging on American Idol I have decided to leave after this season. I am very proud of how we forever changed television and the music industry. It's been a life changing opportunity but I am looking forward to focusing on my company Dream Merchant 21 and other business ventures.
Notable deaths of 2014 [PHOTOS]