Simon Cowell buys stake in The X Factor and Britain’s Got Talent

breakingnews.ie:

Simon Cowell has bought Sony Music Entertainment’s stake in TV programmes including Britain’s Got Talent and The X Factor. The move also sees the music mogul gain ownership of all the international versions of The X Factor and Got Talent programmes.

The Got Talent format airs in 76 markets, while The X Factor is broadcast in more than 130 territories. Sony Music’s share of the venture has transferred to Syco Entertainment, a company solely owned by Cowell.

He said the shows have “found so many amazing artists over the years and so many of the various Sony labels all over the world have enabled so many of those artists to fulfil their dreams”.