CBS have announced that 'The Big Bang Theory’ will be on our screens for another two years at least.

The announcement comes following reports that the show’s original cast members had taken a pay cut in order to increase the salaries of co-stars Mayim Bialik and Melissa Rauch.

Big Bang TheoryThe ‘Big Bang Theory’ has been renewed for two more seasons

Cast members Jim Parsons, Johnny Galecki, Kaley Cuoco, Kunal Nayyar and Simon Helberg had been receiving around $1 million per episode. But according to reports they will each take a cut of around $100,000 per episode in order to increase Bialik and Rauch’s salaries.

CBS announced the two season renewal on Monday night and added: ‘Congrats to the cast and crew of The Big Bang Theory, which premiered almost a decade ago in September 2007 and has been TV's No. 1 comedy for the past five years in a row. Bazinga!’.

More: 'Big Bang Theory' Spin Off 'Young Sheldon' Ordered To Series

Earlier this month it was also confirmed that CBS had given a straight-to-series order for spinoff show 'Young Sheldon' for the network’s 2017-2018 season. The sitcom has been described as ‘in the vein of ‘Malcolm in the Middle’’ and will follow nine-year-old Sheldon growing up in East Texas.

Jim Parsons, who had the original idea for the show, will serve as narrator, while Iain Armitage has been cast as Sheldon, with Lance Barber playing Sheldon’s father, Raegan Revord and Montana Jordan playing his siblings and Zoe Perry as Sheldon’s mom.

The series is expected to debut later this year or early next year. Its pilot episode will be helmed by Iron Man director Jon Favreau.