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Simon Cowell To Take Full Control Of ‘Got Talent’ Producer Syco Entertainment,

Y2kTheNewOldies

Y2kTheNewOldies

https://deadline.com/2020/07/simon-cowell-syco-1202986249/

Simon Cowell's group is buying out shares from Sony

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. In 2009, Cowell launched a joint venture with Sony Music Entertainment whereby the JV owned the rights to several television formats including Got Talent and X Factor.
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