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'X Factor' doubles Syco revenue

Cowell

Simon Cowell is a very, very wealthy man. I am sure that is not a surprise to anyone who reads TV Rage. But how his company earned its money in in 2011-2012 might surprise you, a bit.

Syco Entertainment, the joint venture with Cowell and Sony Entertainment, has revealed their pre-tax earnings for TV productions they offer and the numbers are through the roof - more than double what they were the previous year. 

Profits rose 138 percent to $53 million (£32.6 million), due primarily to the launch of 'X Factor' in the United States (these numbers are for the fiscal year from April 2011 through March 2012).

Revenue nearly doubled as well, rising to $88 million (£54.6 million), as American revenue rose from $5 million (£3.2 million) to $37 million (£22.9 million). These numbers equal out to 42 percent of Syco's total revenue, which was only nearly 11 percent of their profit in the previous fiscal year. I guess there is money to be made in the states.

The company formed in 2010 as Cowell received a stake in programing from Sony. This was a sore spot for Simon after he had to give over the rights to Simon Fuller for 'American Idol,' as Fuller sued for a copyright infringement against Cowell.


Details
Show:
- The X Factor (US)
Person:
- Simon Cowell

Written by: Hamatosan
Jan 4th, 2013, 3:43 am

tinalessia

Level 2 (71%)
Since: 12/Oct/07
Message Posted On Jan 5th, 2013, 4:43 pm

Sorry, Josh.. after reading Mr. Really?'s comment, I guess I should redefine my definition of jealous. I'm familiar with this kind of person. He drives down the road and sees someone driving a mercedes and calls them an a**hole just because their better off than he is.I personally have no use for jealousy or anger for things like this, it's a waste of my time and energy.Everyone has the ability to make something of themsleves, why shouldn't someone be able to grab it just because you don't like his shows or him as a person? I don't ever recall him being snarky about his money or having an attitude. Now you wanna talk about The Donald, that's another story.

Simon hasn't come to my house waving cash and my face chanting "na na na na na". Why should we care that Simon is a billionaire or how he made it. I stick to my opinion  and repeat. Why is the news???

Hamatosan

Level 4 (93%)
Since: 02/Aug/12
Message Posted On Jan 5th, 2013, 12:06 am

I'm not bitter in the least towards Simon. You are reading in way too much Tina.

Really?

Message Posted On Jan 4th, 2013, 4:46 pm
I obviously can't speak for the author of this article or try to guess what his intention in writing it was Tina, but I personally get pretty bitter when I read stuff like this. Why? Because Mr. Cowell is yet another sickeningly rich person that became that way with no discernible talent of their own. Simon has always promoted himself on Idol as a "successful record producer and mogul", but the dude's big claim to fame before reality TV was producing the freakin' Teletubbies. He's had one good idea in his life (that being the Idol franchise), and just happened to get rich off of creating it, and then xeroxing it again with X-Factor. IMO, that shouldn't be enough to make someone a billionaire, and it speaks to the collective dumbing down of modern America. Josh was nice to him if anything.
tinalessia

Level 2 (71%)
Since: 12/Oct/07
Message Posted On Jan 4th, 2013, 4:18 pm

So Josh , you're articles are starting to suffer I feel. I don't understand why this is surprising to you. I'm also hearing notes of bitterness. I'd love to be a billionaire. I'm not. I certainly don't begrudge anyone who is, they work hard for it. I don't see how this is really relevant to anything really. Bitter and jealous? Table for one.

 

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