Simon Cowell and Sony today announced the creation of a new company to focus on the production of Cowell`s television and music assets.
The new business will use the existing name Syco and include the shows ‘The X Factor’ and ‘Got Talent’ as well as the artists Susan Boyle, Leona Lewis and Il DivoCowell will create an American version of ‘The X Factor’ and act as both Executive Producer and Judge.
"I have had a fantastic relationship with Sony for many years and I'm delighted we are launching this venture together," Cowell said.
"Over the past 20 years, Simon Cowell has been a great partner and is an integral part of the Sony Music global family. We are extremely excited to be able to continue and further develop our relationship with Simon, and significantly grow the Syco venture," said Rolf Schmidt-Holtz, CEO, Sony Music Entertainment.
"Simon Cowell is one of the most prominent and successful creative music and television executives in the entertainment business today. This new venture will allow Sony Music and all Sony divisions to develop and pursue a host of new opportunities with this supremely talented individual," said Sir Howard Stringer, Chairman, CEO and President, Sony Corporation.
"I am absolutely delighted that we have been able to extend our long and mutually beneficial partnership with Simon. He is an inspiring and stimulating business partner and working with him closely over the last 10 years has been an absolute pleasure. With the launch of "The X Factor" in the US, we look forward to replicating the unprecedented success the show has had in the UK globally," said Ged Doherty, Chairman and CEO, Sony Music Entertainment UK.
Syco had the biggest selling album in the world last year with Susan Boyle ‘I Dreamed A Dream’. Artists under Cowell have sold 180 million albums and 150 million singles.
