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The official word is in. Fox just sent out the announcement that their long-running animated comedy series The Simpsons will return. The series has been renewed through Season 25, tacking on two more seasons to the series. This news comes after days of rumors and updates regarding the contract negotiations between the cast and 20th Century Fox TV, and whether or not a new budget could be worked out.

This morning actor Harry Shearer released a statement saying he’d be willing to accept a 70% pay decrease in exchange for a share of the profits and that Fox turned him down. Whether or not the issue of profit sharing came up in the final negotiations is unknown, but the show is most definitely going on, presumably (hopefully) with the cast intact and on board to remain with the comedy to bring it to the twenty-five season mark. Deadline did report earlier today that things were looking good for the actor’s negotiations.

Fox also made note of the fact that February 2012 will bring The Simpsons 500th episode. Fans can also look forward to the annual Treehouse of Horror episode (XXII), which is set to air on Sunday, October 30th at 8:00 p.m. ET/PT. More specifics on that below:

In the spooky opener, Homer takes a dangerous dive into an isolated canyon on Candy Peak, but when a crashing boulder traps his arm, he channels Aron Ralston (guest voicing as himself) to save himself. In “The Diving Bell and Butterball,” the first of three hair-raising Halloween tales, a venomous spider bite leaves Homer paralyzed, but when Lisa discovers Homer’s ability to communicate through natural gases, he is able to express his love for Marge. The killer spells continue in “Dial D for Diddly,” when Ned Flanders, devout preacher by day, transforms into a cold-blooded vigilante by night. In the final terrifying tale, “In the Na’Vi,” Bart and Milhouse are assigned on a mission to access a sacred extract on a distant planet. They morph into the land’s indigenous one-eyed avatars, but when Bart finds love and an eternal mate abroad, he is caught in planet warfare.