Simon Cowell Makes The Mother of All Deals
Simon Cowell just signed a $1 Billion deal with Sony that will see him take part ownership of his label Syco (Psycho??) that was wholly-owned by Sony and now means profits are to be split down the middle.
The contract includes X-Factor and Britain’s Got Talent franchises to be sold to more countries, which will earn him $500 Million a year for the next two years. He will also have joint control over the artists on the label which include Susan Boyle, Leona Lewis and Alexandra Burke. Simon says of the joint venture with Sony:
“I’ve had a fantastic relationship with Sony. I’m delighted we’re launching this venture”
Yeah I’d be delighted too. I’d sell my soul to some raggedy old executive for that deal. And don’t you worry your pretty little heads. My husband would be more than fine and would probably be setting the hotel arrangements and booking my Brazilian for that little ‘meeting’.
Sony boss Sir Howard Stringer is equally delighted:
“This allows us to pursue a host of opportunities with this supremely talented individual”
Talented meaning ca-ching.
Photo: WENN
Simon will definitely be missed on American Idol and the whole show will probably end without him. Rumors of Elton John, Sir Elton John will never want to be a part of it, seriously.