Randy Jackson Leaving 'American Idol'

Getty Images

Longtime American Idol judge Randy Jackson has announced that he will be leaving the show after the current season, ET has confirmed

"Yo! Yo! Yo! To put all of the speculation to the rest, after 12 years of judging on American Idol I have decided it is time to leave after this season," Jackson rep confirms in a statement to ET.

PICS: The Complete List of 'American Idol' Winners

"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."

Jackson has been with the show for all 12 of its seasons, since it first premiered as American Idol: The Search for a Superstar in 2002.

His departure marks the end of an era for Idol, as has been the only original judge to remain with the show for its duration, as fellow initial judges Paul Abdul and Simon Cowell left after the show's eighth and ninth seasons, respectively.

VIDEO: Keith Urban Reveals Hottest 'Idol' Judge

The 56-year-old bassist and producer's exit comes after a ratings slip for the singing show, which some have attributed to the lack of chemistry at the judges' table, particularly between feuding foes Nicki Minaj and Mariah Carey.

Jackson, who co-produced the talent show America's Best Dance Crew, made no declaration of any specific plans in television.