Simon Cowell is set to receive a star on the Hollywood Walk of Fame

In a statement, the producer of the Walk of Fame ceremonies Ana Martinez said: "Simon Cowell has brought a new meaning to talent shows and has made it a mega platform for people to show their talent and tell their tales.

"His honest, critical evaluation of talent has won him first place to fans' hearts, and a star on our Hollywood Walk of Fame."

It was first announced last year that the 'X Factor' boss would receive the prestigious honour along with fellow Brit Sir Richard Branson, as well as Jennifer Lawrence, Snoop Dogg and the late 'Crocodile Hunter' star Steve Irwin, whose daughter Bindi was delighted after hearing the news.

At the time of the announcement, she shared a throwback photo of herself and her dad giving a thumbs up sign.

She captioned the image: "I am beyond excited to share with you all that we have just received the news that Dad will be honoured with a star on the Hollywood Walk of Fame.

"Dad changed the world by reaching out to people through their television screens to bring them on the adventure of a lifetime. To have his name on a Hollywood Star means the world as we carry on his important work (sic)."

Anyone can nominate a celebrity for a Walk of Fame star, with selections eventually made by a Chamber of Commerce committee.

Those honoured, or their sponsoring studios, must pay $40,000 for their star, and the recipients have two years to schedule their star ceremonies from the date of selection before they expire.