Some people have waited a lifetime for a moment like this. "American Idol" will see its end in 2016.

FOX announced that it is canceling the show after its 15th season on Monday, according to Entertainment Weekly. The last season will pay homage to moments from years past, going all the way back to 2002, when the original judges were Simon Cowell, Paula Abdul and Randy Jackson. The final season will feature current judges Jennifer Lopez, Keith Urban and Harry Connick, Jr.

Despite being a successful hit in its first few seasons, the show has not been pulling in the same number of viewers as it did in the early aughts. This year they had a series-low of 11.6 million viewers per episode, compared to the peak 36 million they pulled in for the 2006 season finale.

Throughout its run -- and bevy of celebrity judges (remember Nicki Minaj and Mariah Carey?) -- "American Idol" has led the way for other reality competitions to sprout up on TV, trying to best the ratings monster. Since "Idol's" start, we've seen "Dancing with the Stars," "America’s Got Talent" and "The Voice," among many others.

It was also responsible for launching the careers of a number of pop and country icons, including Kelly Clarkson, Carrie Underwood, Jordin Sparks, Scotty McCreery, Phillip Phillips and Fantasia.

Fox announced the cancellation along with its Fall schedule.

BRB going to hide my pain by rocking out to Clay Aiken's "Invisible."