This guy continues to make serious bank!
Simon Cowell just announced a five-year joint venture with Sony that will put together both the television and music assets of The X Factor and Got Talent as well as musical superstars Leona Lewis and Susan Boyle.
Under this new deal Simon will regain part of his production company Syco that was previously owned by Sony 100 percent. In exchange Sony is swapping 50 percent of Syco for a share in the larger television and music entertainment vehicle.
“I have had a fantastic relationship with Sony for many years,” says Simon. “And I’m delighted we are launching this venture together.”
Oh, we bet he is! His pockets are fattening as we speak!
[Image via AP Images.]