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Idol Parent Company Being Sold!

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CKX, the company that own's Simon Fuller's 19 Management, is close to being sold the JP Morgan Chase for over $500 million!

The new owner would in turn acquire the rights to the American Idol franchise, including contestants' careers and their music, So You Think You Can Dance, AND the rights to the name, image and likeness of Muhammad Ali!

19 Management also controls Victoria Beckham's label so the new owner would have stake in fashionable elements as well.

Talk about a big change!

[Image via Brengola - Diena / WENN.]

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