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 buying out the stake and the move will give him sole ownership of the entertainment company.
It is the result of a buyback option maintained by Cowell through their joint-venture renewals and a mutual negotiation process.Sony Music will retain the JV’s music assets, including its roster of current artists and back catalog.In 2005, Sony Music Entertainment purchased Cowell’s share of Syco Music and Syco Television.
Read more on nypost.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.