The Great British Bake Off WILL air a full new series on Channel 4 this year following a legal dispute with the BBC.
It was confirmed last year that Channel 4 had purchased the rights to the hit baking show in a multi-million pound, three-year deal.
However as part of the BBC's original contract, it had the power to enforce a one year wait before any other channel could air the show.
Now the BBC has revealed it's waived this clause allowing the series to begin on Channel 4 later this year.
An insider told BBC News: "We don't want to get in the way of them reinventing the programme.
"In this instance, we believe it would be undignified to have one public service broadcaster in a potential dispute with another and the associated costs for each party would ultimately come out of programming budgets.
"We don't believe in driving up costs in the public sector."
Speaking at the National TV Awards last night, where she won the gong for Best TV Judge for Bake Off, Mary said: "I'm delighted to stay with the BBC and I've got all sorts of exciting projects I'm looking forward to doing."
A BBC spokesperson said: "The BBC is proud of the part it has played in growing and nurturing the programme - doing that is at the core of what the BBC does. We have many exciting projects for the future. Watch this space."