Simon Cowell is to take full control of Got Talent and The X Factor producer Syco Entertainment after agreeing to buy out Sony Music Entertainment’s stake in the joint venture. Cowell is personally…
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It comes as the mogul appears to have been rejuvenated by the Coronavirus lockdown. He recently told Deadline that he had come up with three new formats. “I have had to use my brain more than any other time of my life both on the current shows we own and the new shows we are going to make,” he said.
He added, “We have all shared some incredible achievements, and importantly we have had lots of fun. I won’t say this was an easy decision to make, however sometimes you have to personally support something you are so passionate about. I’ve always believed it’s important to take on new goals in order to drive new ideas and creativity so I’m very excited to be taking an independent and creatively-led Syco Entertainment into the future.
Rob Stringer, Chairman, Sony Music Group, added, “At this particular contractual crossroads, it was simply the right thing for Simon to take control of his TV assets and propel his company in a new direction. Sony Music has had incredible global success with so many artists that have been launched through Simon’s vision and innovation and we are proud to continue to represent the Syco music catalogue and its artists.
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