Quantcast
SONY UPS STAKE IN SYCO FOR £86M

Freshly filed accounts have revealed that Sony’s six-year deal with Simon Cowell’s Syco in 2015 was worth £86m with the major company tripling its share to 75%. The length of the new deal was revealed by Cowell during his MITs acceptance speech, with numbers spotted by British tabloid Daily Mail via a January filing at Companies House.

£52.4m of that £86m was paid in 2015, with a further £33.4m due before 2021. Cowell’s share is down from 40% to 20% as a result, with Sir Philip Green also taking a 50% cut from 10% to 5%.

The TV and music firm that encompasses label Syco and the X Factor and Britain’s Got Talent franchises made £1.46m in the 39 weeks to March 2016.

PANTHER RULES
WEEKEND BOX OFFICE
Will blockbuster opening lead to a big second week for chart-topping ST? (2/19a)
BRITS GET READY
FOR THE BRITS
Music's biggest night in Blighty (2/20a)
NEAR TRUTHS: THOUGHTS ON A PERFECT STORM
Music's #MeToo moment (2/20a)
2 CHAINZ PIMPS WITH A BLIMP
Look! Up in the sky!...It's a bird! It's a plane! It's a...new album? (2/19a)
SPOTIFY'S DAILY MIX:
STOCK SWAPS AMPED
NYSE-bound in late March? (2/19a)
MONEY, MONEY, MONEY
Investment in the biz and the coming speed bumps.
A NEW STREAMING PLAYER?
Who's getting into the game?
MY DOCTOR SAID NO MORE PIZZA
But she's not here.
OBSTRUCTION OF JUSTICE
At least try to be less obvious about it.
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)